UKOIL is testing resistance zones. A false break is going to be the perfect signal to sell. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
After it has knocked at the resistance line at $112.43 already twice, we expect Brent to rise above this mark and into the white zone between $113.88 and $123.14 to finish wave (2) in white. Afterwards, Brent should fall below the support lines at $104.67 and $97.56. There is a 28% chance, though, that Brent could soar through the white zone and climb above the...
UKOIL tested the major resistance three times and failed to go higher. We have predicted the final test of the level and now trend is slowly shifting. Long - term prediction is consolidation between 100$ and 120$ price zones. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
UKOIL is testing major structure resistance level $123. IF price action pullls back then we'll look for bullish signals to take a trade. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
UKOIL buy signal done by SWOF trading System for a SWING trade on 4H UT Step 1: buy @ 116.8 and stop loss @ 112.5 Step 2: if we reach target 1 we move up stop loss to price entery @116.8 Step 3: if we reach target 2 we move up stop loss to target 1 level Step 4: if we reach target 3 we move up stop loss to target 2 level step X: we repeat process of this trailing...
UKOIL is channeling upwards, creating higher highs. The trend is bullish. if price pulls back to previous support level, then we look for buying opportunity. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Last week, we predicted that UKOIL was likely to test a resistance level of $115. Price broke through that level on momentum and made higher highs. Price action might test higher levels and IF it pulls back to previous support, we will look for buying opportunities. ------------------- Share your opinion in the comments and support the idea with like. Thanks...
Brent is currently glued to the resistance at $114.74, where it has finished wave b in blue. However, we expect it to let go of this mark soon to fall into the turquoise zone between $101.67 and $99.83. There, it should complete wave a in turquoise and move back above $104.67 afterwards to finish wave b in turquoise. After that is settled, Brent should gradually...
UKOIL has been channeling for over one month now between 101 and 115 price levels. IF the price closes above 113.30$, we can expect a move up to the resistance zone for a retest. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
UKOIL is forming a big triangle by making lower highs and higher lows. Price has previously made sharp moves downward from the 112$ level. There is a good chance the level could hold the price. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
UKOIL is gradually approaching the 114.50-115.00 resistance zone. On a global scale, UKOIL is moving sideways. There is no clear trend. We already can see two rejections of the zone. A false break of the resistance would be ideal moment for shorting. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Oil has bounced off from 110$ level as we predicted before. Now it is going down after breaking out the channel. Price is likely going to test the lower levels till 100$. ------------------- Share your opinion in the comments and support the idea with Like. Thanks for your support!
UKOIL has 2 scenarios 1rst one is the price go up from 107 => 111 than retrace back to 108 2nd one is going down from 107 => 101 and retrace back to 104 or even 107 or drop more till 98.00 and than retrace back to 100 per barrel
UKOIL LONG - Buy Entry - H4 Chart Buy @ Market Symbol: UKOIL BrentOil Timeframe: H4 Type: BUY Entry Price: Buy @ Market Resistance @ 117.209 Resistance @ 114.778 Resistance @ 111.456 Support @ 105.692 Support @ 104.437 ✅ If you liked this analysis, please consider Following and giving it a Thumbs Up 👍 ✅ If you have any feedback or questions,...
Brent has been climbing and climbing and climbing and has actually maxed out the space until $114.74. There, it has finished wave (A) in white, butting its head at the resistance line, and subsequently turned around to move downwards. We expect Brent to drop into the green zone between $106.12 and $99.47 to recover and to complete wave (B) in white. Then, it...
Ukoil after reching 138 as recent high, we got down on news that UAE will increase production of oil, so for this reason 126 level is seems good to have a short trade and since the sanctions are still there and the demand didn't dropped yet, $97.00 per barrel is a reasonable price to pay. buy at 97.00 sell at 126.00
UKOIL is retesting the ascending support line From the ascending long-term channel once again and the horizontal support at 122.15 I expect the rebound to continue and rise to the supply levels above
TVC:UKOIL in weekly , price of UKOIL has reached to a important zone which can act a resistance and push price toward down ... this is only technical analysis and we also need to be aware of OPEC meetings results and also fundamental news around oil . what is your opinion ? mention it in comments .