Crude Oil break out support line of the uptrend channel. We touch support zone.
After oil drop price start to recover.
I see 3 resistance level for oil.
1. 55.8$ - 38.2% level fibonacci
2. 59.94$ - 50% level fibonacci
3 64 - 61.8$ level fibonacci also resistance line
But global It look like impulse-correction-impulse
My wife is fed up and wants a new man... Please send me your applications... And hurry up about it as i dont want her hanging around.
From the chart we can see that this week price broke though our trend line after respecting our resistance zone yesterday, price fell out the sky yesterday afternoon the bears must have been in a hurry, but now we can see bulls...
I'm back with another $UKOIL update.
A month ago UKOIL formed bull flag pattern which got rejected even tho the pattern did hold for a week.
We can see consolidation happening between price range of 62$ - 64$ but as we can see it's forming the same pattern
than a month ago again, bull flag pattern. VWAP, EMAs (100=red, 50=yellow, 21=green) are below...
- continuation to the upside
- anticipating a possible sell from the trendline + the 71-78% fib level.
- pair could spike to the 88% /100% fib level and the resistance key level of 64.750 before a sell off
- there is a key level at 60.750 which also falls in line with the 61.8% fib level. this region (blue...