well this has been a good bull rally and it seems like the bulls are finally getting exhausted and a Hammer formed on top of the bollinger zone which indicates a reversal to the downside. This might be a great rally for the bears and the weekly has formed a doji which shows indecision in the market and from the pressure of the bears on the 3rd day of this month...
TVC:UKOIL wait for the fence, the exit is more frank direction 62.20
Short Brent (UKOIL) Long WTI (USOIL ) at 3.00 , stop loss at 3.90 and target at -1.00
After Gartley's Pattern completion last year, croud oil seems that targeting 74.76 level.
Strong bullish prints to fuel further upward momentum towards swing high 55.54
seems ukoil is ending its bull impulses meaning bears may kick in and take control! good idea to look into shorting this comodity!
For the 2 next weeks, all pattern matching algorihms predict uptrend on crude oil, the price is currently driven by 2 strong ascending support in hourly and daily.
Guys, I notice that the brent oil is in a up channel move, and probably, the price may reverse in the up side of the channel. wait for the break of the supporting line and short it will be a wise trade. Success RandR
correction Continuation or return....lets see by all im waiting for return and going toward up because trend is uptrend in my idea
This to me is a good sell setup. The doji has been confirmed and all you have to do is wait for the end of this day candle. Best to not take the position now as it may retrace and possibly give you a scare you dont need. But if this bearish engulfing candle closes as it is then sell until 53.25 before any bullish pressure occurs. Thats my target a good 100 to 200...