UKOIL has a similar structure with USOIL which might have finsihed the correction wave 4. Break out of the resistance zone at 50.5-51.2 will confirm the start of wave 5. It is a good opportunity to trade the wave 5 if it was confirmed. Trading suggestions: Go long when it breaks out of the resistance zone at 50.5~51.2 with SL at 49.9 TP1: 53.3 TP2: 58.5 TP3: 62