Possible Short on Brent

19 Jun 2020

Please see the chart, We currently are seeing a retracement with the GAP being filled. We may possibly have an opportunity to short Brent between 44.50 - 45.50 with stops above 50.50 and targets at 37.50. For this trade to be confirmed we will need to see RSI divergence at the completion of the fifth wave.

9 Jul 2020

Catatan

UKOIL has seen resistance at 43.00 - 43.5. This validates a possible sell-off. Look for short entry between 43.00 - 43.50 with stops at 45.00 - 47.00 and targets at 37.00 -35.00.