don't panic it's organic, it smells like bear dung!
It continues in an uptrend to the resistance 75 dollar Then it starts a Downtrend to first support area 68 dollar Second support area 61 dollar
I think with Iranian oil supply adding to the current supply, there'll be a slight pull back and might take some time to cross the $70 level. Any reviews and feedback will be appreciated
Crude touching 200 MA on monthly chart Beware longs-very powerful resistance ahead;
Brent in future 💸 but waiting for safe baying zone 💣
Just as we analyzed last week we could be looking at possible short scenario for the UKOIL
It continues in an uptrend to the resistance 74.97 Then it starts a Downtrend to support 60.40
BRENT - SHORT (LOND TERM TRADE) ENTRY PRICE - 58.89 SL - 72.20 TP - 23.35
We are into the 3rd week of 2021 after we had a bounce off 57 highs on oil the previous week huge trend line touch (3rd touch) crucial for a rejection to the downside with evidence of a continuation pattern( head and shoulders) with price selling off a solid 200 points as of last week Price is currently hovering around the neck of this H&S pattern and very...
UKOIL - BRENT OIL - Sell - Daily Chart Sell @ Current Price approx 43.38 Sell @ Pull back to approx 44.18 Take Profit @ 38.88 Please share your opinion in the comments, and support the idea with a Like 👍 Thank you for your support 😊 Wishing you successful trading 🙏 ------------------------------------------------------------------------------------ 🔺...
UKOIL is approaching the descending channel resistance. Potential price rejection ⬇️.
Hi trades, Keep your eyes for sell setups on lower time frame.
Look at that small channel before and it broke out and it has come back to retest the former support turned resistance area there.
UKOIL bounced off 45.06 where it could potentially rise further to 45.57. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.