UKOIL is moving to resistance at 90.00 and a fibo extension level. The price is printing potential of the AB=CD pattern. The oil market is approaching major resistance on the D chart. We anticipate a reversal from the resistance level. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
UKOIL rebounded from the resistance and pulled back on the 4-hourly chart. The market is trading in the descending channel, but this is just a pullback against the bullish trend. We anticipate the continuation of this current trend and the breakout of the channel. ------------------- Share your opinion in the comments and support the idea with like. Thanks...
UKOIL dropped from the resistance at 88.00 and 87.00, which is a psychological level as well. Price made lower lows and lower closes. If the market retraces back to the resistance level at 86.00 We anticipate a pullback and bearish move since the market has dropped from this level before. ------------------- Share your opinion in the comments and support the...
UKOIL reached resistance, and it's pulling back from it. It is potentially printing the AB=CD pattern where the D point completes right at the fibo cluster level. The market is trading in the ascending channel, indicating the bears are running out of steam and the bulls are in control. We anticipate the continuation of this current trend from the psychological...
UKOIL is moving to resistance at 86.00 and a fibo cluster. The price is printing potential of the AB=CD pattern. The oil market is approaching major resistance on the D chart. We anticipate a reversal from the resistance level. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
UKOIL broke above the psychological level at 80.000. The market is making higher high and higher close. The market is trading in the ascending channel, indicating the bulls are in control. We anticipate the continuation of this current trend. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
UKOIL market shows overbought at resistance at 81.00 and the fibo golden zone on the 4H chart. If the price makes a double top at the resistance level, the market will most likely go down. We anticipate a short trade because the ascending channel is a pullback against the major bearish trend. ------------------- Share your opinion in the comments and support...
USDWTI H8 Rejections already started from this $73.50/b price. Possibly looking to set pending orders for that $73.50/b price, depending on how things are looking. The range has been filled and has held from resistance to support and support to resistance for almost 2.5 months now.
UKOIL has been making lower highs and equal lows, indicating bearish pressure. Price is testing the resistance at 76.00, the fibo, and the channel's upper border, which is a dynamic resistance. The market is making a pullback on the larger scale of the bearish trend. We anticipate a pullback. The market has dropped from this level...
UKOIL was rejected at resistance at 77.00 before. The price is printing potential for a double-top. The oil market is consolidating on the 4H chart. We anticipate further consolidation and a bounce off the resistance level. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
I believe the price will fall and tag the POC from PD and then bounce back up PD buyer heavy L50 in buy zone. we could go long as the price opens above POC and AVWAP something like illustration on chart. NOTE - Not yet tagged in the position. maybe entry will present post London open.
UKOIL broke the ascending channel, and the price is pulling back to it. The oil market is printing an AB=CD pattern. We anticipate a continuation of the bearish trend. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
UKOIL market shows divergence, and if the price closes below 78.00 by printing a double top , then we can look for a selling opportunity. If the price breaks and closes below the 77 support level, the market will most likely go down. We anticipate a down trade because the ascending channel is a pullback against the major bearish...
The looming possibility of a US debt ceiling default has sent shockwaves through the financial markets, triggering a series of events that could impact various assets, including commodities like UKOIL (Brent Crude Oil). In this analysis, we will explore the potential implications of a US debt ceiling default on UKOIL and present a trading strategy based on the...
UKOIL was rejected at resistance at 77.00 The price double top after the sell-off. The oil market is pulling back against the bearish trend. We anticipate a breakout of the channel and bearish continuation trade. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
UKOIL broke through the support level and dropped below 80.000. The price pulled back to resistance against the bearish trend. The oil market could retest the resistance and fibo cluster before dropping again. We anticipate a bearish continuation trade if the market rejects the resistance level. ------------------- Share your opinion in the comments and...
Possible Reversal H&S. We except higher prices as we analyzed before. Have a look at our previous analysis, link below👇
UKOIL is trading in the descending channel . Price is testing the resistance level and psychological level at 81.00, which creates a confluence zone to short the market. We anticipate a trend continuation trade. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!