What do we have?
1. Break down 12 November 2018 formed from January 2016
2. Touch the outside support line (marked in red).
1. TVC:UKOIL is in a deep rally, breaking through the and going down to the nearest support line.
2. The indicators show a strong oversold of the asset at the moment, which indicates an imminent rebound to the area of 67.
3. Overall the picture is very and recommended actions to sell.
1. Put a pending order to sell at the price of 61 (below red line). Take profit-57, Stop loss 64.