Brent Oil
UKOIL
1H
It looks like a descending channel is discovered, the price asks for a further active move as an information of a breakout.
A descending channel is said to depict a useful bullish price formation that is angled down that can be used to indicate a downward trend is about to reverse into an upnward trend in case if price breaks out to the the upside.
Brent-oil turns bullish towards 72 on a breach of 71.