Brent Oil (UKOIL) Update

FX:UKOIL   CFDs on Crude Oil (Brent)
71 0 1
Another UP Burst may occur on Oil             to 56$ levels. Technical reasons.

-Price is touching 200 MA
-Pennant is broken and already made a retracement
-The retracement to Pennant counts ABC at lower TF
-The breakout from Pennant and retracement fits 1st and 2nd waves and the next wave may be the powerful 3rd (on chart in cyan)
-price over Support at 48$ range (cyan dotted line)

Next wait for a Thrust for validation.

Implications: USDCAD             and USD Index in general shall be bear until 56$ range in Brent is reached. Do not LONG USDCAD             yet (except for scalpers who really know what they are doing). Realistic goal is at least 1.28 range. Trading Oil             on the LONG side is suggested but with absolute attention on multiple TFs for thrust and tight stops.

Happy and enlightened tradings
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out