closed the week above weekly t-line & above resistance
Crude is going higher to $42 at least, there will be some trading range along the way of course but looks bullish
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Here I have done MTA for Crude Oil to find the most accurate entry on the market. Wait for confirmation. Sketch up your own trade setup and make sure you meet with the required confirmations...
UKOIL to climb from its upside confirmation at 41.42 where it could potentially bounce further to 44.10.
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Losses can exceed the initial investment so please ensure you fully
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Looks like it will close the GAP soon.
You can look for the short term buy trade on a younger timeframe.
There is a Mirror Level on H1.
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on DAILY: BRENT OIL is approaching a strong resistance and GAP zone so we will be looking for objective sell setups on lower timeframes.
on H1: OIL is currently trading inside our orange channel, so we are waiting for a new swing to form around our lower orange trendline to consider it objective and enter on its break downward.
we also have a regular bearish...
USOIL/UKOIL idea
I expect a deep correction.
There may be some futher leap up, after which the market will go into adeep correction.
There may be a decrease from the current price , but on the hourly chart there is a triangle that hints at a slight increase.
Indicators indicate a divergence ,volumes begin to decline and news on OPEC+.
UKOIL reversed off its intermediate resistance at 39.40 where it could potentially drop further to 38.26.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
The price bounced off the Key Level and can continue to move down.
If you will find an accurate entry your otential profit will be 3 times bigger than the risk.
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UKOIL bounced off 39.72 where it could potentially rise further to 41.42.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Hello,
We have a very good comeback for brent crude oil. If you are following this pair since, from the recruitment period you might note that pair is growing steadily and this the point that I saw too.
Lets, discuss some different tools, what I used for the careful forecast. As you see I used two different and very attractive pitchfork, which I'm going to...
UKOIL bounced off 37.86 where it could potentially rise further to 39.98.
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UKOIL bounced off 37.86 where it could potentially rise further to 39.98.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
It could be a-b-c double zigzag in large wave A.
We got a and b in place and wave c already kicked off.
It's amazing that the trendline support wasn't broken yet.
UKOIL reversed off its intermediate resistance at 38.01 where it could potentially drop further to 36.46.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
