Brent Crude Oil
UKOIL is testing the Fibonacci retracement levels. Now, it is around 0.618 level and may come back from here. However, the RSI for daily time frame is around 40 and going down and if we check the history, it can meet 30 easily. Also, MACD line is far below the signal line and it also confirms that the trend will be downward for the time. Considering all these clear signals, for this week, I guess first the price of UKOIL goes down to 75 and then come back again to a higher high.
NOT a financial advice. Please consider your intuition and analysis to trade and just leave me your positive/negative comments. Thank you.
NOT a financial advice. Please consider your intuition and analysis to trade and just leave me your positive/negative comments. Thank you.
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