DeGRAM | UKOIL continuation of trendUKOIL reached resistance, and it's pulling back from it. It is potentially printing the AB=CD pattern where the D point completes right at the fibo cluster level.
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 from the psychological level at 85.00 and the fibo cluster.
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