UKOIL BRENT heading for massive correction soon
Updated
As long as we remain below the tremendous resistance trendline coming since the all time high, I would rather go short BUT if we close above that, change sides immediately for an important rally to 100+.
So far I am only considering short positions from the Technical point of view and worsening fundamentals due to high prices after this global crisis (pandemics).
As a swing trader I am aiming for a 20 bucks correction from the top more or less to 56 bucks target.
Cheers
So far I am only considering short positions from the Technical point of view and worsening fundamentals due to high prices after this global crisis (pandemics).
As a swing trader I am aiming for a 20 bucks correction from the top more or less to 56 bucks target.
Cheers
Trade active
Double top and down? that is what I am thinking but always make sure you protect in the event we head to 80+
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