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DeGRAM | UKOIL stays below the resistance at 80.00

Short
CFDs on Brent Crude Oil (TVC:UKOIL)  
DeGRAM  
TVC:UKOIL   CFDs on Brent Crude Oil
Trend Analysis Chart Patterns Support and Resistance ukoilanalysis ukoilsignal
12
2
trendanalysis chartpattern supportandresistance ukoilanalysis ukoilsignal
UKOIL is trading in the descending channel.

The market keeps trading below the psychological level at 80.00.

Price is basically consolidating and coiling up before expansion. 

We anticipate a rebound from the resistance at 80.00.


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