Long to 20 day EMA

21 Nis 2016

UC down trend has been faithfully following a three day down and three day up pattern with the up reversing on the 20 day EMA like its a brick wall. If it does long from here it should see the 20 day EMA and then come down again. Oil fundamentals suggest it was overbought at 44 and as we move into the last part of the week this bull drive should reverse at least a little to allow UC back up to its 20 day EMA