UKOIL M30 | Potential Bullish riseUKOIL has bounced off the buy entry aat 60.69, whichis a pullback support and could rise from this level to the upside.
Stop loss is at 59.83, which lines up with the 61.8% Fibonacci projection.
Take profit is at 62.94, which is a swing high resistance.
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About CFDs on Brent Crude Oil
The Brent Сrude oil was originally produced from the Brent oilfield in the North Sea. About 2/3rds of all crude oil contracts around the globe include Brent Сrude oil, making it the most popular marker. Its relatively low density and sulphur content are the reasons why it’s described as light and sweet. One of the advantages is transportation since this type of oil is waterborne. The Brent Crude oil marker is also known as Brent Blend, London Brent and Brent petroleum and has a UKOIL ticker symbol.
Brent Crude bearish continuation at 6579 resistance 
The Brent Crude Oil is currently trading with a bearish bias, aligned with the broader downward trend. Recent price action shows a retest of the longer term support, suggesting a temporary relief rally within the downtrend.
Key resistance is located at 6579, a prior consolidation zone. This level 
Brent Crude Oil – Potential Reversal and Early Recovery Setup#Brent Crude Oil – Potential Reversal and Early Recovery Setup
Current price: $61.08
Brent is forming a potential reversal structure after an extended downward cycle. The short-term pattern shows a breakout attempt from a descending channel, hinting at the possible start of a recovery phase.
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Max bat Brent crudeThe obvious pattern is the max bat an hybrid pattern, gartley/bat. The image on screen gives max bat fib ratios.
The most crucial part of analysis is the price action from around early April. The red circle is around the heaviest volume candles. The fractal/ swing low candle has affected price ever 
BRENT CRUDE OIL - Long-Term As we know, history tends to repeat itself.
Just by observing the current structure, I would dare to assume that another wave of turbulence might be ahead.
Some macro shocks could push oil down to retest the white support zone, or in the case of a “super dump,” even drive prices toward the blue ac
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Displays a symbol's price movements over previous years to identify recurring trends.









