UK Oil and Gas shares
(LSE:UKOG) have gone northwards seriously (just as some currency pairs like
EURUSD, EURJPY, GBPUSD, and GBPJPY, etc. have done). This has created a bullish
outlook on the market and that is something which is expected to continue.
4 EMAs are used for this
analysis and they are EMAs 10, 20, 50, and 200. The color that stands for each
EMA is shown at the top left part of the chart. Price has already gone above
the EMAs, especially the EMA 200, signaling a Golden Cross. The EMAs 10, 20 and
50 have been sloping upwards.
Right now, UK Oil and
Gas is riding the current significant bullish momentum and price could reach
the supply levels at 3.00, 4.00 and 5.00 within the next several months.
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
There is a bullish
signal on UK Oil and Gas, just like EURJPY
UK Oil and Gas shares
(LSE:UKOG) have gone northwards seriously (just as some currency pairs like
EURUSD, EURJPY, GBPUSD, and GBPJPY, etc. have done). This has created a bullish
outlook on the market and that is something which is expected to continue.
4 EMAs are used for this
analysis and they are EMAs 10, 20, 50, and 200. The color that stands for each
EMA is shown at the top left part of the chart. Price has already gone above
the EMAs, especially the EMA 200, signaling a Golden Cross. The EMAs 10, 20 and
50 have been sloping upwards.
Right now, UK Oil and
Gas is riding the current significant bullish momentum and price could reach
the supply levels at 3.00, 4.00 and 5.00 within the next several months.
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
Traders’ Mindset: Traders' Mindset
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