Buy trade on UK Oil : confirmation received long ago.

Hello.

My name is François Normandeau.
Here is the latest long-term analysis for UK Oil.

We received a confirmation of a buy trade, long ago.
At some point the market will turn around, but not yet, not on H1 anyway.

Summary of the UK Oil market relative to the US Oil market.

Illustrating the correlation with the US Dollar Index (DXY)
where we are using the inverted value of DXY (1/DXY).

As of now, on H1, no signs of a significant bearish turnaround.

Wishing you a great weekend,

François Normandeau

Institutional Research Director at ADX-BRIEFING