UKOIL remains BEARISH - SHORT
Hi Folks:
My previous idea failed by few pips as it triggered my SL (partial hedge) but luckily my net short is bigger and allowed to enjoy this massive rally downwards.
I have some longs above that will decide later what to do. Probably will open longs at the bottom the green ascending channel or the bottom of the red descending channel of my charts to lower the breakeven and call it even.
My broker allows me to double positions and therefore I do not need to do any math on that, it does it for me. Cool feature! (NOT MT4 platform).
Today's US economy released data has shown a very worrying inflation that may not be temporary and may affect oil demand in the mid term.
Fundamentals still remain tight in terms of supply and anything could happen, so be very careful and plan ALWAYS your strategy ahead.
Cheers.
UKOIL
****************************************
Remember, if you liked this idea don't forget to click LIKE and FOLLOW. That will encourage me to continue charting for you.
My previous idea failed by few pips as it triggered my SL (partial hedge) but luckily my net short is bigger and allowed to enjoy this massive rally downwards.
I have some longs above that will decide later what to do. Probably will open longs at the bottom the green ascending channel or the bottom of the red descending channel of my charts to lower the breakeven and call it even.
My broker allows me to double positions and therefore I do not need to do any math on that, it does it for me. Cool feature! (NOT MT4 platform).
Today's US economy released data has shown a very worrying inflation that may not be temporary and may affect oil demand in the mid term.
Fundamentals still remain tight in terms of supply and anything could happen, so be very careful and plan ALWAYS your strategy ahead.
Cheers.
UKOIL****************************************
Remember, if you liked this idea don't forget to click LIKE and FOLLOW. That will encourage me to continue charting for you.
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