dainiushka

Ukoil, time for pullback

Short
FX:UKOIL   CFDs on Crude Oil (Brent)
2 reasons to buy:

TECHNICAL:
1) there is no ema resistance

FUNDAMENTAL:
1) higher demand from an easing of China's COVID lockdowns

3 reasons to sell:

TECHNICAL:
1) 115 horizontal line resistance
2) oil soar for a five constantius days, it is time for pull back.

FUNDAMENTAL:
1) oil soar for a tighten supply from an planned European Union ban on Russian oil , but Hungary resisted for an oil embargo on Russia

Major events in economic calendar:
1) US retail sales
2) ECB President Lagarde Speaks
3) Fed Chair Powell Speaks
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