OIL LONG ONCE AGAIN BIG PICTURE

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CFDs di Minyak Mentah Brent (TVC:UKOIL)

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TVC:UKOIL CFDs di Minyak Mentah Brent

SYMETRICAL CHANNEL AND BULISH BAT
LONG APPROACH ON LARGER SCALE

Komen:

MARKET RESPECT THE BUTICKTOM CHANEL LINE. OIL IS TRICKY. LETS SEE IF WE GET BE AWARDED FOR OUR BOLD PLAN

Komen:

we need todays pull in the afternoon to get propelled towards targets. it looks nice but market may be tempted to retest the lows once again.

Komen:

LETS SEE IF THE FALLING RESISTENCE LINE WILL BE BROKEN

Komen:

THE MARKET MAY DIVE ONCE AGAIN IN 44,6 TO RETEST THE BUTTOM. IT MAY BE SECOND CHANCE TO JUMP IN WITH LONGS

Komen:

Oil has overcome decending line. It still has potential to hit both targets

Komen:

ITS GOING STRAIGHT UPWARDS.PROBABLY WE SHOULD SEE SOME RELIEF AND RETEST THE LOWS TO GO HIGHER AND REACH BOTH TARGETS

Komen:

I CLOSED THE POSITION AT 48 . AND OPEN SHORT POSITION.IT LOOKS LIKE WE ARE GOING TO RETEST THE LOWS AS SHOWN DOWN. AFTER RETEST OF LOWS I WILL TRY ENTER LONG ONCE AGAIN

Komen:

My previous decision on closing long and opening short on oil at 48 was prematiour . I gave away previuos profit to the market. I should have sticked to the plan. Lesson from this. Channel on a chart is far more effective then fib extensions as more obvious to read for market participents...
Lets keep that lesson in memory

Komen:

Now as we are touching the upper line of channel it would suggest its time to go short...

Komen:

For those who follow. I entered short at 51 and will keep it till 44-45 area. Already in profit....

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