DeGRAM | UKOIL pullback trade

TVC:UKOIL   CFDs on Brent Crude Oil
UKOIL reached resistance, and it created AB=CD pattern. 

The market is trading in the ascending channel, indicating the bears are running out of steam and the bulls are in control.

Price broke and closed above the resistance at 84.00 which became the support level.

We expect a pullback, then a bullish move. 


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