is oil price gonna increase soon?

TVC:UKOIL   CFDs on Brent Crude Oil
Hi every one

UKOIL has formed an ascending triangle this means that the price can easily increase as much as the measured price movement( AB=CD )but only after the expected breakout happens! also on MACD we can see that the MACD line (blue line) is closing in to the signal line (red line) for crossing it upwardly which is also a bullish sign! we can expect a great increase in the price in the coming weeks!

Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.

Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!

Thank you for seeing idea .
Have a nice day and Good luck
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Well done bro🔥
+1 Reply
T_V_TreeTrader FieryTrading
@FieryTrading, thank you a lot
Excellent Forecast!
+1 Reply
T_V_TreeTrader KlejdiCuni
@KlejdiCuni, thank you dear
after breakout for sure rise is expected

thanks for sharing
+1 Reply
T_V_TreeTrader MMBTtrader
You're welcome, good luck dear
Great view but I don't think oil will reach this level because of fundamental