UKOIL. Sounds like a triangle...

FX:UKOIL   Rohöl CFD's (Brent)
291 3
UKOIL chart looks like a triangle inside a correction. Very whipsaw correction on oil anyway....

I´m expecting oil to test the lows of the day but bounce up on the US session. If the triangle is confirmed, it shouldn´t break up but head down again and break the entire correction limits by tomorrow. Probably, EIA report will be a trigger same as on previous weeks.
Trade ist aktiv: The last 4H candle looks like an impulse to me. Therefore, I expect the triangle to be broken to the upside and test the channel limits.

Entered long Brent at 47. SL: 46, TP: 49.45 as per Fibo extentions
Trade wurde manuell geschlossen: Closed long earlier with a small benefit. I will not trade anymore inside the triangle.

Our levels to watch are 45.80 or 47.50. Once the price secures any of these levels, we can talk about entering long or short
Kommentar: Down down down....
Trade geschlossen: Ziel wurde erreicht

If Brent doesn´t break the triangle to the upper side, I´d expect a retrace by tomorrow or Friday.

Nevertheless, we have a strong support at 46 figures. Below this, next supposed target is 43-42 figures where 200 Daily MA lives
captain_smollett captain_smollett

Smaller timeframe
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Startseite Aktien-Screener Forex-Screener Krypto-Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Preise Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Schnellhilfe Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Schnellhilfe Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden