Bossybasher
Long

UKOIL on strong yearly support level

FX:USOIL   CFDs on 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





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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