Brent Crude Oil (UKOIL) will touch higher top so soon
The chart of Brent crude oil in the daily timeframe is creating higher top and bottom continuously. While somebodies maybe say that it means divergence and the chart will show correction, the trend is our best friend and the chart is on the uptrend, so I expect the chart continues its way to a higher level.
In addition to higher top and bottom, bottom (B) couldn't break bottom (A) which shows that the power of the buyer is more than the seller. Then, the chart likely will touch a new top in this trend.
In addition to higher top and bottom, bottom (B) couldn't break bottom (A) which shows that the power of the buyer is more than the seller. Then, the chart likely will touch a new top in this trend.
Trade fermée: cible de profit atteinte
The chart is so near to touch its target. My personal strategy for this is that I will close 2/3 of UKOIL when I see some evidence of weakness in the chart for buying more in the lower prices or guarantee my profit. I use trailing system for guarantee my profit.
I will close 1/3 another my account when I see evidence of reverse.
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