Bull cycle for UKOIL and continue growth to $71.00

TVC:UKOIL   CFDs on Brent Crude Oil
Bull cycle for UKOIL and continue growth

- I think oil on support level $64.20
- i think from these price values oil have good time for grow. ​​Waiting for growth to $71.00
- global triangle is breakdown up
- ichomoku green

For example from Russian OIL Company chart D1:

Rosneft OIL Company

Jan 16
Comment: 3H chart Russian OIL Company ROSNEFT:

Same chart with UKOIL/BRENT:

I think a good entry point for buying and stop loss for a minimum price.
Let's see if it finds some support on the 64.6ish and if the supply numbers turns bullish this week. My fear is that if we see oversupply this week we are heading down big time again, as the "ample" supply will be pushing the price back down towards 62-60. From a pure technical perspective it looks realistic, but this can change in a heartbeat with the rig / supple numbers. Good work :-)
druumabb Martin_Nielsen
@Martin_Nielsen, Thanks :). I buyed not much and set a stop loss for today's minimum price.
@druumabb, i am letting it find its bottom before i step back in - did a massive loss as i in fact did believe we were heading for the 70-71 mark. the thing that crushed me was the algo that completely took me buy surprise last week, very aggresive sell-off.. so i want to see the US open, and have it stay above 64.4 at least before i step back in. but keep your stop / looses in place :-) and good luck..
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