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CFDs on Crude Oil (Brent)
Long

UKOil Dip Looks Compelling on Hourly

185
Further to yesterday's article,, UKOil has pulled back on the hourly. The left daily chart continues to show UKOil in the bullish area (upper blue - upper red). The hourly stochastic on the right has already crossed bullishly. If the EMAs cross to the upside that would be considered a bullish development. Assuming this, if the stochastic can move to 80 and hold that level a bullish momentum push may be back on.
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brentbrentcrudecrudeEnergy CommoditiesTechnical IndicatorsOilTrend AnalysisCrude Oil Brent
FXCM
Broker
Follow and Trade this analysis from your Charts. FXCM now Integrated with TradingView. Contact FXCM for more information.
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.