sumastardon

Brent Crude Oil: UKOIL another 500 pips upside

Long
FX:UKOIL   CFDs on Crude Oil (Brent)
BRENT CRUDE OIL UKOIL Stuff and Nonsene

Brent is expected to move up to 68.06-69.47 range over the
coming couple of weeks where it becomes a sell again with
stop above 70.00.
Buy dips to the lower parallel if seen at any point during this
rally, looking to sell again when the upper parallel meets
price in the 68-69.47 range in a couple of weeks' time.
WTI and Brent are set to surprise to the upside. Initial support
now established at 61.00. Whilst above here Brent remains
positive in medium term.