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$UWTI Technical Analysis of Stock Chart

Oil ($CL_F) at support around 58$ UWTI 3.21 -0.31 -8.66% is following.

Testing support line and the 50 DMA.

It it holds it could be a good entry point for a quick swing trade.

Risk/reward ratio is very good here, put your stop-loss at the 3.1$-3.15$ area.

Take a look at $UWTI technical analysis ...

 

www.stockmarketexpress.com/uwti-technical-analysis-of-sto...

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Uploaded on May 26, 2015