UKOIL
Going to the FIBO Support at 58,80. The trend prior to the bomb at the Saudi Arabia facility has just been reestablished at a really fast pace.
Comment:
After a intense movement, there is always - or usually - a small correction, the UKOIL appears to be testing the bear appetites. Since yesterday the movement was big - as it happened on 19/09. The pullback wont be enough to change the trend, as the SMA10 is already pointing down and the breakouts from RSI/OBV are still present. For those who are a bit worried about a short position today, there is the FIBO resistance at 60,04. The market resistance point is at 60,80.
Trade closed: target reached:
A sweet deal.... been there since the bomb....