UKOIL looks like its gonna continue bearish correction after it broke out of the channel.
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Be careful with short trades around 42, we might see some correction before going down for more.
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We saw a strong rejection from around 42 as expected and made an update on what i see now on daily.
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Seeing how strong this last days move up was makes me think the correction might be over and we gonna start a big impulsive wave up.I will need a pretty good rejection now and price to come back fast below 46 to think otherwise.
@tonz_of_gunz Excellent forecast (with your last update). It is exactly 46 level now, althought many traders have no believed in it. But it is time to think about choosing the right way now. Short seems to be a good solution before the long way, but truly I am not believe in such treasure. Really hard folk.
tonz_of_gunz
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Thank you for the comment, we will see what is next:).