due to the USD weakness and a little bit risk-off . Technical analysis also support the position
MACD - Showing hidden bullish divergence RSI - Hidden Bullish divergence 2 possible enter here, or if break 32.2 lower SL: 32,2 TP: 38
After a long-term downtrend UKOIL has performed a correction on daily. Now it is time for a correction of the correction. TRADE PLAN: Happy trading!
Brent rebounded strongly from 27.08 to 36.14 within two weeks and touched the 0.382 fib level. Now the price touched the upper line of the rising channel and met the resistance zone which formed from the previous minor wave iv. The RSI also shows a divergence. The price needed to go down to compensate the divergence. But the correction wave does not seem to...
Looks like we just might be widening a bit further on the Brent/WTI spread. If not, today is the day to bet on it narrowing.
BRENT CRUDE OIL near all time low. Pullback possible.
It'll continue to 39,5 or it'll start downstream from monday morning next week? Fundamentals are pointing down, ElA&APl are full of oil.. Rig Count is even lower - Canada too. And not to mention Russia..
1. AB = CD overshoot 2. no retracement yet 3. TBL became short after 35.17 4. strong restistance level 36.07