Uk Oil made a steep drop to the support level / trendline and then made a double bottom with bullish divergence.
Based on the above we can expect the price to gather bullish momentum this week to clear 112.7 and achieve 116.30 initially.
Based on the above we can expect the price to gather bullish momentum this week to clear 112.7 and achieve 116.30 initially.
Trade closed: target reached
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Related publications
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.