LUNGU_FX

UKOIL WHAT NEXT ??

Long
TVC:UKOIL   CFDs on Brent Crude Oil
I still believe that UKOIL will also be bullish due to the following reasons:

after markets have bushed price over 80.35 price had began making an impulse move to the downside with yet respecting its now created support
this has created a bullish triangle indicating bullish movement is soon to come.
the RSI is still above 50% telling us we are still bullish
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fundamentals
WEDNESDAY, JANUARY 5
13:15
USD ADP Employment Change(Dec)

14:45
USD Markit PMI Composite(Dec)
USD Markit Services PMI(Dec)

19:00
USD FOMC Minutes
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THURSDAY, JANUARY 6
13:30
USD Goods and Services Trade Balance(Nov)
USD Initial Jobless Claims(Dec 31)
USD Initial Jobless Claims 4-week average(Dec 31)

15:00
USD Factory Orders (MoM)(Nov)
USD ISM Services Employment Index(Dec)
USD ISM Services New Orders Index(Dec)
USD ISM Services PMI(Dec)
USD ISM Services Prices Paid(Dec)

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