UKOIL broke above descending trendline and holding above short term ascending trendline!

Trading Recommendation Entry: 30.92 Reason for Entry: Ascending trendline support, 23.6% Fibonacci retracement. Take Profit : 32.21 Reason for Take Profit: graphical swing high, -27% Fibonacci retracement Stop Loss: 30.52 Reason for Stop loss: descending trendline support The material has been provided by InstaForex Company – www.instaforex.com