UKOIL USOIL :: possible HS pattern in play
I'm glad to share a new possible scenario in play, for your consideration: Head and Shoulder pattern.
Currently we could be developing the HEAD that could lead to a correction towards 60-62 area, followed by a new leg up to form the RIGHT SHOULDER and then another important correction down to 54-57 area.
Only time will prove this idea more or less accurate. At the moment I see no reason to short oil yet, unless till we hit 72 area in USOIL.
All the best mates.
Currently we could be developing the HEAD that could lead to a correction towards 60-62 area, followed by a new leg up to form the RIGHT SHOULDER and then another important correction down to 54-57 area.
Only time will prove this idea more or less accurate. At the moment I see no reason to short oil yet, unless till we hit 72 area in USOIL.
All the best mates.