USOIL & UKOIL:
They play the role as we expected for the week!
Would there be a rebound soon ? Or reversal , what do you think?
For a reversal to happen, there are 3 steps to be achieved in order:
- Price switches over from below the EMA line to above the EMA line.
- EMA line is following the footstep of the price, going upwards.
- An upward Golden Cross between the short-term EMA line and mid-term EMA line.
See this article for a deeper insight.