UKOIL MARCH WEEK 4 OUTLOOK
Daily - looks super bullish but in need of pullback. a single bearish day will do. volume has been drying up as we move to the long side. so we need a pullback and volume to start flowing in.
Origin - outside value month means high probability of chop week. looks extended here too. ideally I would like price to pull to **84.63 - 83.36** or a deeper pullback to **83.36 - 82.01** will be even better. I will get involved in longs only once we observe a pullback and then see oil regaining strength on volume.
Origin - outside value month means high probability of chop week. looks extended here too. ideally I would like price to pull to **84.63 - 83.36** or a deeper pullback to **83.36 - 82.01** will be even better. I will get involved in longs only once we observe a pullback and then see oil regaining strength on volume.
DAILY