Bossybasher

UKOIL on strong yearly support level

Long
FX:USOIL   CFDs on Crude Oil (WTI)
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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