On the unpublished studies I did for UKOIL-on shorter time horizons (30 minute, one hour, four hours), I found the trading action very choppy and range bound. Yesterday I published a chart for Light-Crude, so I wanted to confirm that chart and see what UKOIL-might do. As I did for Light-Crude, here is a brief explanation of the techniques I use: The Alligator: How it works. The Alligator is a collection of three moving averages , which are called the Lips, the Teeth and the Jaw and colored blue, golden, and black. The idea of the trading strategy is to catch those trending movements that occur in zig-zag fashion for less than a week, sometime just hours. Such moments can be identified by looking at the Alligator Lines. Usually, before a trading move happens, the price moves in a tight range and intertwines with the Alligator Lines. This is called a "sleeping alligator" because it is so quiet. The indicator under the chart measures this action and is called the chop indicator. The higher the value the less trend and more range-bound trading. When the chop indicator moves below the shaded range, the price starts moving away from the Alligator, and the Alligator Lines are opening. Then it explodes into a trading move. This phase is dubbed the "hungry alligator" because it looks like an alligator wakes up from sleep and opens its mouth (distance between the lines) to chase the little fish (price bar) for breakfast. (not exactly Hemingway with my description, but it will have to do) ! UKOIL-has a nice up-trend. Please note that when the latest buy Fractal was generated, the AO (phase energy) turned positive and the CHOP INDICATOR (underneath the chart) went below the shaded area. This indicated less choppiness and more trending. Negatives: The top indicator is RSI / Stochastic , and this is rolling over. The middle indicator is the 5/34 momentum, and this is generating a sell signal. The AO (lower top) has three consecutive lower red bars, which is a warning for the loss of phase energy. The Ichimoku Cloud is beginning to roll over. The indicator on the bottom of the chart is approaching the "choppiness zone" where we can expect less trending and more "chop". So, if you are long UKOIL-don't shop till you chop! Be alert that some downside action may develop. Remember these 4 letters: MEST (momentum, energy, space, time). These are all dimension for your trades. Good luck to you in all you do!. Don.