BRENT/UKOIL SHORT TERM

2018年9月3日

UKOIL



Clear uptrend channel but bulls are showing signs of slowing down. Eyes on the Crude Inventories on Thursday. A re-tracement to 76.5 area would be healthy, 75.5 possible and below that we would turn bearish. I wouldn't long here just yet if you are not long already and perhaps take some profits if you are net long. Fully expect $80 this month and potentially increasing into November but as usual - patience and listening to the markets.

2018年9月3日

註釋

Slightly different perspective



Clearly sitting in the marked zone awaiting further decision. Looks like a distribution area.

2018年9月4日

註釋

It seems bulls do not want to rest, we have broken through an important resistance after short consolidation in the marked area and $80 is in sight. Do not expect a drop lower than 78.28

2018年9月4日

註釋

A bearish divergence on Stoch and decreasing buy volume is something to watch out for!

2018年9月5日

註釋

We are back into resistance zone for some more possible redistribution, Heikin-Ashi are telling us to take profits from Longs, potential bearish cross over and divergence on 4H. Trade safe!

2018年9月6日

註釋

Patiently watching the Pivot point for a further signal

Currently LONG from 72 with a trailing SL at 75.50

2018年9月7日

註釋

Mixed data and more potential trade worries with China has given fuel to the bears, mixed signals and bearish Kijun/Tenkan cross on 4H made me close the long trade before trailing SL at 75.50. There are growing supply concerns however clear signals needed for further direction. No trade zone for now.