ukoil 8 hour short from resistance tp 72/74 usd

🔸Hey guys, today let's review the 8 hour chart for UK oil . Any upside is
limited by strong overhead resistances, currently weak bounce in progress,
however most likely bears will take over from overhead.

🔸Strong resistances will cap upside at 84.00 usd / 86.00 usd. right now
locked in tight trading range, however expecting final pump to trigger overhead
stop losses before reversal and subsequent sell off event.

🔸Recommended strategy for BEARS: wait for the final pump before short selling
from strong overhead resistances at 84.00 and 86.00 SL fixes at 88.00 usd, TP1
bears is 76 usd TP2 bears is 72 usd. swing trade setup, patience required. good luck!

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Yorum:

expecting final pump soon