LADEEc57

$UKOIL - Brent Oil Trend BROKEN

Short
TVC:UKOIL   CFDs on Brent Crude Oil
7
UKOIL Weekly ascending symmetrical triangle break down confirmed after failure to hold above $50.00 level. Looking for a retrace back down to value at $44.00 to retest first support levels. Failure to hold at that level would see it fall to next support at $37.00. Overall sentiment continues to be bearish.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.