This is a technical analysis on UKOIL on daily time frame with log scale on.
Everything is explained on the chart itself.
A strong continuation of the uptrend is expected, given the news that EU has proposed banning Russian oil imports this year.
Disclaimer: This is not an investment or financial advice. I'm just sharing an idea for educational purposes.
Everything is explained on the chart itself.
A strong continuation of the uptrend is expected, given the news that EU has proposed banning Russian oil imports this year.
Disclaimer: This is not an investment or financial advice. I'm just sharing an idea for educational purposes.
Comment:
This trade is still on!
Comment:
Comment:
I ment rising wedge of course in the snapshot above :)
Comment:
Let's take a look at WTI Crude Oil
Comment:
Oil failed to defeat the resistance around 114-115 and will probably go down.
Comment:
Comment:
Let's look at WTI
Comment:
Comment:
Here we go again for another attempt to break above 15!
Comment:
4 hour chart updade