Bossybasher
Long

UKOIL on strong yearly support level

FX:USOIL   Crude Oil (WTI)
206 1 4
strong support area on yearly chart and is bouncing off with stochastic in oversold area (NOT CROSSED UP YET). there's a bit of bullish divergence on the weekly and monthly chart at the yearly support level .
stochastic crossed upwards 20 on the daily chart and CCI above zero as well as a TomDemark sequential Setup on monthly chart.
I went long on Friday and still holding my position i added more to my position today when price bounced off Friday's poc             area. i am expecting some consolidation on the 46.83 which is my first primary target and then 59.82 which would be my second target area. hoping to ride this long term

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still long on this. looks like some correction on the Daily chart which may be as result of long positions being covered at dailiy resistance level. i have tightened my stops to protect some profit. im guessing price may range untill DOHA meeting
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