Still bullish
Updated
UKOIL Brent (Gulf oil) is still to rise.
Monthly ATR is is 107 pips. And this month we did only 39 percent so far.
I believe we will end the year at 54.33.
But there will be BIG reaction at yearly low 52.28 from where price released in March. I would exit there.
Close with daily bearish candle below 8 daily ema on daily chart will be a signal of trend change.
Crude oil rise is one of the factors why euro, aud, nzd, cnh had been going up too.
FOR EDUCATIONAL PURPOSES ONLY
Monthly ATR is is 107 pips. And this month we did only 39 percent so far.
I believe we will end the year at 54.33.
But there will be BIG reaction at yearly low 52.28 from where price released in March. I would exit there.
Close with daily bearish candle below 8 daily ema on daily chart will be a signal of trend change.
Crude oil rise is one of the factors why euro, aud, nzd, cnh had been going up too.
FOR EDUCATIONAL PURPOSES ONLY
Trade closed: target reached
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