This week we will see the EMA (50,100,200) and MACD,RSI for various diagrams.
The UKOIL 4H technical analysis training diagram shows the following:
UKOIL reacted last week towards to EMA 50. MACD has a bullish divergence and RSI is trying bullish.
The Market generally is bearish. EMA 50 is under EMA 100 that is under EMA 200.
Long for EMA 50. Watch the behavior of the price there. Stop loss and short in the case of crossing down the support line.
The UKOIL 4H technical analysis training diagram shows the following:
UKOIL reacted last week towards to EMA 50. MACD has a bullish divergence and RSI is trying bullish.
The Market generally is bearish. EMA 50 is under EMA 100 that is under EMA 200.
Long for EMA 50. Watch the behavior of the price there. Stop loss and short in the case of crossing down the support line.
