Pattern continuation should bring the price up to prior resistance levels for a third retouch. Easy Money?... We'll see.
GARTLY FORM ON UKOIL H4 ... ENTRY... 60.50... TP1.. 61.24.. TP2.. 62.65.. TP3... 64.26.. SL... 59.25
The price of brent crude oil (UKOIL) seems to be moving in an uptrend of late. This is because Saudi Arabia decided to take matters into their own hands and cut production, forcing the market to drive prices up (basic economics of supply and demand!). This is also coming at a time when the whole world seems to have forgotten about the bear attack on oil last year...
This will be lovely when it develops, get onto it anyway you can, watch for price action...
Should be an easy few pips here... up to psych level at 70.00... We've had some higher highs and lows on the hourly and a nice 4h pinbar most recently.... enjoy...
HS Bottom reversal pattern confirmed . Resistance levels are marked.
Hi, Traders I am expecting one more upside because it is in a correction formation. Note: This is mere a idea not a trading signal to trade. Trade carefully ! Thank you for your support
UKOIL is approaching its support at 75.01 (61.8% Fibonacci retracement, 61.8% Fibonaci extension, horizontal overlap support) where it could potentiallyt rise to its resistance at 78.14 (100% Fibonacci extension, horizontal overlap resistance). Stochastic (89, 5, 3) is approaching its support at 2.8% where a corresponding bounce could occur.
UKOIL Possible Buy Trade!! Looking For A Small Up-Move With UKOIL Before Making A Deeper Move Down (If It Will); A Good SL Is Around 74.3 Levels
Chart Info Market : FOREX Currency : #UKOIL $UKOIL Time Frame : 6H Date : Oct 30, 2017 **Don't Forget To Like and Subscribe
On the Brent oil chart you can now expect a test of significant resistance at 53.00. This level has previously been equivalent to the 50.00 level with the WTI. A successful breakout of 53.00 will allow growth to further resistance: 54.00, 57.50.
UK oil: HEAVILY SOLD OFF..!! What I see is some demand coming at 45 level so at the nearest term i think the market will atleast reach the wave 5 where the price is at 50 per barrel....We can trade a buy with stop loss at 43 and tp at 50 ...Cheers