UKOIL looks like its gonna continue bearish correction after it broke out of the channel.
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Be careful with short trades around 42, we might see some correction before going down for more.
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We saw a strong rejection from around 42 as expected and made an update on what i see now on daily.
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Seeing how strong this last days move up was makes me think the correction might be over and we gonna start a big impulsive wave up.I will need a pretty good rejection now and price to come back fast below 46 to think otherwise.
