VineetYadav61

UKOIL SYMMETRICAL TRIANGLE BREAKOUT

FX:UKOIL   CFDs on Crude Oil (Brent)
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POSTING THIS CHART AGAIN AS THE PREVIOUS ONE GOT DELETED WITH MY ACCOUNT. POSTED THAT ONE BEFORE ALL THIS CRUDE SUPPLY CRISIS.
AS THE CHART SHOWS TRIANGLE BREAKOUT ON MONTHLY CHART FROM THE LEVELS OF 110 TO THE RECENT LOWS OF 27 AN ALMOST 75% DECLINE .
CHART ALSO SHOWING A MAJOR TREND LINE WHICH IS IN CONTINUATION SINCE THE YEAR 1999, HAD TAKEN SUPPORT ON IT VARIOUS TIMES . NOW IT WILL BE A MAJOR RESISTANCE .

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ONE CAN ALSO LOOK AT THE WEEKLY CHART FOR THE RECENT POSSIBLE INVERSE H&S PATTERN . IF COMPLETED SUCCESSFULLY TARGETS ARE OF 70 PLUS . REMEMBER ITS A WEEKLY CHART SO ONE SHOULD NOT LOSE PATIENCE QUICKLY.
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