UKOIL bounced off 33.86 where it could potentially rise further to 35.74.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
UKOIL bounced off 33.86 where it could potentially rise further to 35.74.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Hello everyone! It’s been a while since I don’t update you my oil trading, so here we go. This trade is going very well, thank you very much, and this pennant was the pullback I was waiting since I booked my profits of our last oil trade. If you missed my last call, the link to them are below. Our trade gave us 45% profits, and I invite you to follow me to keep...
UKOIL approaching support at 33.86 where it could potentially rise further to 38.88.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Crude bulls decided to challenge 2020 downtrend.
2020 downtrend that started January 8, 2020 remains valid (hence our stance is bearish) as long as we do not have a valid breakout with 3 DeMark breakout qualifiers.
This is a turning point. Good news for bears - missed May pivot at 16.3 (in 90 percent of cases price always goes to test missed pivot).
Look for a...
Price is at R3 reversal area - April pivot (which was untested, price came to close it). April pivot range acts as resistance now.
I see price drop back to 12-11, as history seems to repeat itself. 12 is also May reversal level, bottom of May value zone, which makes sense.
So I would look for bearish setup anytime. As price make bearish reversal pattern, that is...
Brent petrol düşeni kırdı,direnç üzerinde kapanış yaptı,yeni hedefi 35 dolar ve kısa sürede geleceğini düşünüyorum.ytd
Brent oil broke down, closed on resistance, new target is $35 and I think it will come soon.Not ınvestment advıce
UKOIL reversed off its resistance at 33.86 where it could potentially drop further to 32.68.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
After breaking out of price consolidation (yellow rectangle) it’s crucial that the bulls keep oil above this price point and move to the apex depicted in the chart. A break of the inner upward Trend line will see oil back into the consolidation point so its imperative that the Bulls keep at these levels or above. A Rise to 32 (R1) will see some bears to contend...
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🔸 Summary and potential trade setup
. bullish mid-term
. 46/48...
Descending triangle with a few fake-0outs on this pair. Resistance is holding nicely as per the green rectangular box, and the support on the red zone is also forming nicely. Could be a range bounce S/R structure going forward into the trading week ahead.
Looks like oil is nearing the end of a 5th wave after exiting a typical 4th wave triangle; May see a correction soon before another impulsive move upwards.
