UKOIL is trading in the descending channel and it made lower lows as we predicted last week. The market broke and closed below the support level , which became a resistance. Price action bounced off from the trendline. If the resistance level rejects the price, then we can look for selling opportunities. ------------------- Share your opinion in the...
Bulls and bears are competing for preeminence, and both of them have gained the upper hand now and then. In the long run, we expect the bears to win this battle, though, and to drag Brent to the green zone between $77.10 and $42.16, where it should finish wave III in pink. After a short countermovement to complete wave IV in pink, Brent should enter the blue zone...
UKOIL made lower lows as we predicted last week. The market broke and closed below the support level , which became a resistance. Price action's pulling back to it. If the level rejects the price and breaks through the range, then we can look for selling opportunities. ------------------- Share your opinion in the comments and support the idea with like....
UKOIL made lower lows as we predicted last week. The market broke and closed below the support level , which became a resistance. Price action pulled back to it and formed a range. If the level rejects the price and breaks through the range, then we can look for selling opportunities. ------------------- Share your opinion in the comments and support the...
UKOIL made lower lows as we predicted last week. The market broke and closed below the support level, which became a resistance. Price action pulled back to it. If the level rejects the price, then we can look for selling opportunities. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
UKOIL reached a support zone after a sell off. The market made a false break from the accumulation zone. Bulls tried to push the price higher but failed, which means bears took control. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
UKOIL is bearish on 4H timeframe. Price action is consolidating between 104$ - 92$ price points. If price rejects the level by creating a false break then we can look for shorting opportunity. ------------------ Share your opinion in the comments and support the idea with like. Thanks for your support!
The bears have their territory under control and plan to extend it further, more precisely, till the blue lake between $76.67 and $70.61, where they should fish for the end of wave 3 in blue. However, there is a 38% chance that the bulls could make an appearance and challenge our furry friends. This challenge, though, should only be successful if they can make it...
UKOIL has attempted to break through the resistance zone roughly at $100 - 99 price level. Price action created double top and failed make a new high. We might see a sell off from psychological level of 100$. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
UKOIL is pulling back to the resistance zone after making a shallow new low. This indicates that we might see a deeper retracement. We are considering selling at the confluent zone of 100-102, which was tested multiple times before. Look left, the structure leaves clues. ------------------- Share your opinion in the comments and support the idea with like....
Bulls have attempted multiple times to break through the resistance zone roughly at $108. The price remained below the level. We might see a sell off. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
UKOIL has been rejected from the resistance zone at 106-107. Price action created a box; a pause before the continuation. We expect a further down move. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
UKOIL retested the resistance zone and has been rejected. Price action could not make a new high. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
UKOIL has reached major support zonje at psychological level $100. Price action made a false break. We are considering selling if price makes a pull back to previous resistance zone . ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
On its way down, Brent got stuck at the support line at $97.56. However, we expect it to struggle through and to make it into the blue zone between $94.50 and $89.73, where it should finish wave 5 in blue and wave a in turquoise. Then, Brent should move upwards, crossing even the resistance at $107.64, above which it should complete wave b in turquoise....
UKOIL has made lower lows, indicating a trend shift. Typically, price action after a sell off consolidates. If the price returns to the 110 $resistance zone, we can look for a shorting opportunity. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
UKOIL made lower lows and went down as we predicted in the last post. Price action is pulling back to resistance zone. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
UKOIL moved down as we predicted in the last post. Price action has created equal support levels. But the new high is lower than the previous high, meaning that the bulls are running out of steam. The market is in a consolidation phase. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!