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Hirschle97 Hirschle97 UKOIL, 240,
UKOIL: OIL *DOWN*
76 0 3
UKOIL, 240
OIL *DOWN*

I think OIL will drop from here we see a double top pattern form and on a daily chart a double tweezer pattern. It has also respected the down trend line and as we have confirmation due to price action i think this has the potential to drop 400-500 pips. Let me know your thoughts!

adatherton adatherton PRO USDWTI, D, Short ,
USDWTI: $CL_F (USDWTI) suggests one more pullback
54 0 2
USDWTI, D Short
$CL_F (USDWTI) suggests one more pullback

Triangle suggests one more pullback, and possibly even to range low of 42.80. But it looks like it will break 52 next year.

Salmanmemon786 Salmanmemon786 USOIL, 240, Short ,
USOIL: oil short on Correction and Strong Resistance at 4H
39 0 0
USOIL, 240 Short
oil short on Correction and Strong Resistance at 4H

As we know oil run on Opec Oil Production Cut and Freeze. but now Technically oil can take little Correction till 46-46.5 for fresh move. also we can see above 48 oil formed strong bearish bar on H4 So advice sell in range of 47.5-48 with sl above 48.5 for tp 46.5

SanktuaryMAM SanktuaryMAM UKOIL, 240, Short ,
UKOIL: Brent Breakout Retest
28 0 0
UKOIL, 240 Short
Brent Breakout Retest

Brent crude looking like it is about to retest based upon the breakout we saw earlier in the week. I will be looking at the price action around the $47 handle to see whether we have tall wicks and other signs that prices are unlikely to hold above this level. Target will be $41.50.

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