Similar to USOIL, UKOIL is following similar steps!! UKOIL has been rising for a very long time and hit all-time highs, and we see that oscillators are showing that UKOIL is overbought. We also see signs of rejection from the resistance zone that formed due to all-time highs!! Candlestick patterns are also confirming rejection from resistance. We see that the general trend of oil is reversing globally!
We aim to open in the range of 87-89 and TP at 77 with an SL above 93.
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