UKOil Dip Looks Compelling on Hourly
Crude Oil (Brent) FX:UKOIL
Further to yesterday’s article,, UKOil has pulled back on the hourly. The left daily chart continues to show UKOil in the bullish area (upper blue – upper red). The hourly stochastic on the right has already crossed bullishly. If the EMAs cross to the upside that would be considered a bullish development. Assuming this, if the stochastic can move to 80 and hold that level a bullish momentum push may be back on.