UKOIL, neutral position

TVC:UKOIL   CFDs on Brent Crude Oil
What to watch in the economic calendar on Monday? FOMC member speaks

Two reasons to buy:
1) there is no ema resistance
2) the European Union is proposing a comprehensive oil embargo against Russia

Three reasons to sell:
1) triangle resistance
2) 1h and 2h time frame RSI oversold point
3) Shanghai tightens COVID restrictions

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.