Hi,
Latest BRENT OIL price on 4th Feb 2022 (6.05AM - (GMT+8) is above 90.00 USD per barrel, most likely O&G counter will in play, for UZMA, the resistant is 0.50, if price can break and maintain above the resistant at 0.50, can consider to entry above 0.50 (RBS - Resistant Become Support).
Where to TP? Fibo level 1.618 @ RM0.550 - RM0.555.
Where to CL? If CANDLE CLOSED below RBS level, kindly CL (Cut Loss).
Thank you.
Regards,
MR.H
Latest BRENT OIL price on 4th Feb 2022 (6.05AM - (GMT+8) is above 90.00 USD per barrel, most likely O&G counter will in play, for UZMA, the resistant is 0.50, if price can break and maintain above the resistant at 0.50, can consider to entry above 0.50 (RBS - Resistant Become Support).
Where to TP? Fibo level 1.618 @ RM0.550 - RM0.555.
Where to CL? If CANDLE CLOSED below RBS level, kindly CL (Cut Loss).
Thank you.
Regards,
MR.H
Trade closed: target reached:
Target RM0.555 achieved !