CFDs on Crude Oil (Brent)

Short

UKOIL RISING WEDGE ON H1

By tonz_of_gunz

Updated

UKOIL has developed a rising wedge on h1 and is close to an important resistance level which should stop this move up for a while.

Note

All working according to plan right now, if this tl breaks we could see a big move down, already touched 6 times and price made a possible double top near heavy resistance area.

snapshot

Note

Original target reached and i think we gonna go even deeper now after seeing price reaction.

snapshot

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