UKOIL H1 Bearish Reversal Forming at Key ResistanceUKOIL is rising towards the sell entry, which is an overlap resistance and could reverse from this level to the downside.
Sell entry is at 65.05, whic is an overlap resistance.
Stop loss is at 65.77, whic his a pullback resistance that lines up with the 138.2% Fibonacci extension.
Take profit is at 53.84, whic is an overlap support.
Stratos Markets Limited (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
