TRDVMA
Short

OIL STILL BEAR

FX:UKOIL   Crude Oil (Brent)
43 1 0
Still follows the pattern and projection.Just received news that saudis ready to increase oil             output.Short for long term
It looks like a bullish flag. The point is when it breaks out of the descending channel. For short term it is bearish (1 or 2 weeks i mean), for long term it is bullish (in 1 to 2 month).
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