UKOIL is trading in the descending channel . Price is testing the resistance level and psychological level at 81.00, which creates a confluence zone to short the market. We anticipate a trend continuation trade. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
UKOIL has reached the resistance level following the gap. Price is testing the resistance zone at 88–89, the fibo cluster, and the channel's upper border, which is a dynamic resistance. The market is making a pullback on the larger scale of the bearish trend. We anticipate a pullback to the consolidation zone. ------------------- Share your opinion in the...
UKOIL is trading in the descending channel . Price is testing the resistance level and psychological level at $80.00, which creates a confluence zone to short the market. The market is making a pullback on the larger scale of the bearish trend. We anticipate a trend continuation trade. ------------------- Share your opinion in the comments and support the...
UKOIL broke through the support level. The price tested, broke, and closed below the major resistance level of $84.00. The oil market could retest the resistance and fibo 50% before dropping again. We anticipate a bearish continuation trade. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
UKOIL rebounded from the bearish trendline on the 4H chart. Price action printed a double top, and it created the same pattern as before. The market pulled back on the larger scale of the bearish trend . We anticipate a trend continuation trade. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
UKOIL bounced off the psychological number of 87.00 and resistance level. Price action printed a double top, then it broke out of the ascending channel and made a lower low and lower close. We anticipate a trend continuation trade if a sell opportunity presents itself right at the kill zone. ------------------- Share your opinion in the comments and support...
UKOIL is approaching a confluence level: psychological number of 87.00 and a Fibo level. The market shows divergence, and if price closes below 86.00 by printing a double top , then we can look for a selling opportunity.. We anticipate a trend continuation trade if sell opportunity presents itself. ------------------- Share your opinion in the comments and...
UKOIL is trading in the descending channel. The market is making shallow pullbacks and sharp bearish moves. The price tested the psychological and resistance level of $83.00, then dropped. The market formed a tweezer top pattern. We anticipate a bearish continuation trade. ------------------- Share your opinion in the comments and support the idea with a...
UKOIL broke through the rising channel , which was only a pullback in terms of the global bearish trend . The price tested, broke, and closed below the psychological level of $80.00. The oil market could retest the resistance before dropping again, even though we can see a big red candle that indicates the start of a downtrend. We anticipate a bearish...
UKOIL rebounded from the bearish trendline on the daily chart. Price was pushed back twice. Look left. Price action printed a double top, and it created the same pattern as before. We anticipate a trend continuation trade if sell opportunity presents itself. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for...
UKOIL reached resistance after a sell-off. The market is making HHs and higher close. The market is trading in the ascending channel, indicating the bears are running out of steam and the bulls are in control. We anticipate the continuation of this current trend. ------------------- Share your opinion in the comments and support the idea with like. Thanks...
UKOIL is approaching a confluence level where its psychological number of 86.00 and its dynamic resistance. The market is making a pullback on the larger scale of the bearish trend . Price was pushed back twice before. Look left. We anticipate a trend continuation trade if sell opportunity presents itself. ------------------- Share your opinion in the...
UKOIL broke out of the ascending channel. The price tested the psychological and resistance level of $85.00, then dropped. The market formed a box after a bearish trend, and it may create a potential AB=CD pattern. We anticipate a bearish continuation trade. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for...
UKOIL broke out of the descending channel . The price tested the psychological and resistance level of $85.00, then dropped. The market made a complex pullback on a bearish trend . We anticipate a bearish continuation trade. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
UKOIL broke out of the descending channel . The price is getting close to the psychological and resistance level of $85.00. The market is making a complex pullback on a bearish trend. We anticipate a bearish continuation trade. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
UKOIL is trading in the descending channel . Price is testing the resistance level and the channel's upper border, which is a dynamic resistance. The market is making a pullback on the larger scale of the bearish trend. We anticipate a trend continuation trade. ------------------- Share your opinion in the comments and support the idea with a like. Thanks...
UKOIL reached a support zone after a sell-off. The market is decelerating while approaching the support zone , indicating the bears are running out of steam. We anticipate a short-term pullback. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
UKOIL broke through the descending channel . The price action tested the resistance zone twice, then dropped. It failed to make higher high. Price is losing strength. The market is making a pullback on the larger scale of the bearish trend . ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!