Dylan-Rogan

Great UKOIL opportunity for downside potential

Short
FX:UKOIL   CFDs on Crude Oil (Brent)
Got caught out previously when for some reason went against my own previous UKOIL breakdown (don't ask me why) which ended up completing exactly through as analysed..

This opportunity here has a personal CTS score of 6, and is following the current bearish trend (Some are speculating either UKOIL or USOIL - not sure - reaching $30, so we will see how that plays out).

I'll be following through on this one once we see the bounce off of the current range, or the 618 fib retracement.

Keen.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.