UZMA
Hi,
Latest BRENT OIL price on 4th Feb 2022 (6.05AM - (GMT+8) is above 90.00 USD per barrel, most likely O&G counter will in play, for UZMA, the resistant is 0.50, if price can break and maintain above the resistant at 0.50, can consider to entry above 0.50 (RBS - Resistant Become Support).
Where to TP? Fibo level 1.618 @ RM0.550 - RM0.555.
Where to CL? If CANDLE CLOSED below RBS level, kindly CL (Cut Loss).
Thank you.
Regards,
MR.H
Latest BRENT OIL price on 4th Feb 2022 (6.05AM - (GMT+8) is above 90.00 USD per barrel, most likely O&G counter will in play, for UZMA, the resistant is 0.50, if price can break and maintain above the resistant at 0.50, can consider to entry above 0.50 (RBS - Resistant Become Support).
Where to TP? Fibo level 1.618 @ RM0.550 - RM0.555.
Where to CL? If CANDLE CLOSED below RBS level, kindly CL (Cut Loss).
Thank you.
Regards,
MR.H
Trade closed: target reached
Target RM0.555 achieved !
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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.