UKOIL Possible -Going South
Seeable Patterns and Price Action:
Bearish Engulfing Pattern
Overbought Price Level
RSI Negative Divergence
A break bellow 108.86-108.50, probable targets at Fib retracements @ Target 1: 108.05 (38% Fib)
@ Target 2: 107.25/00 (50% Fib)
Possible South @ - 106.00 Low Price and Closing Price above 106.46 (61% Fib)
Bearish Engulfing Pattern
Overbought Price Level
RSI Negative Divergence
A break bellow 108.86-108.50, probable targets at Fib retracements @ Target 1: 108.05 (38% Fib)
@ Target 2: 107.25/00 (50% Fib)
Possible South @ - 106.00 Low Price and Closing Price above 106.46 (61% Fib)
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