UnknownUnicorn31132676

UKOIL Analysis which i don't have money to invest in :')

Long
FX:UKOIL   CFDs on Crude Oil (Brent)
The chart formed a falling wedge pattern, the trend line and support zone were broken with large positive volumes, and the purple area could be a likely resistance area where we could see a price rotation. We have a slight volume buildup because of this. The poc line corresponds with the volume profile's support zone, indicating large accruing volumes; the chart has broken through this level and retested it after breakout, indicating an upward pullback. The fact that the chart is above all crossing moving averages indicates that it is on a bullish trend and may continue to increase.
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