Bleck

Bounce or deeper pull back?

FX:UKOIL   CFDs on Crude Oil (Brent)
Since breaking above the upper side of the up trending channel in February, Oil has come back many time to test that boundary again and is about to do it again! Will it hold or break? No idea but will be watching what is happening there in the next couple of days or so! Should it hold then oil could push back again to test the highs in the next few weeks or months! Just my opinion :)
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.