Buy at trend line and round 70.00 value

TVC:UKOIL   CFDs on Brent Crude Oil
Technical reasoning price is at:
- shown fibonacci retracement
- trend line
- round number

Place SL below 200 day Moving average

Fundamentals are a bit confusing now, price is heading down with the unrest in venezuela, fighting in libya, iran sanctions and Opec cuts.
May 13
Trade closed manually: Recommend to close at 72, that 2.85% gain

disturbing factors on one side falling stocks today, on the other side supply threats through the strait of hormuz
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