UKOIL is trading in the descending channel. The market is heading to confluence zoen where there are resistance and global trendline. The price action has bounced off the trendline several times before. If the resistance level rejects the price, then we can look for selling opportunities. ------------------- Share your opinion in the comments and support...
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...
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 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!
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 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 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!
don't panic it's organic, it smells like bear dung!
It continues in an uptrend to the resistance 75 dollar Then it starts a Downtrend to first support area 68 dollar Second support area 61 dollar