There is a rectangle appearing.
A rectangle denotes a technical price action pattern that is used to spot a sharp rise if price breaks out.
Brent-oil to resume its rise towards 62.
Brent Oil: Rechteck
UKOIL,
1 Stunde
SHORT
Feb 23
We can see that a rectangle turns up.
A rectangle typically indicates an extension in the downward direction when price breaks down.
UKOIL could drop to 82 on a breakout of the rectangle.
Brent Oil: Absteigender Kanal
UKOIL,
4 Stunden
LONG
Okt 21
There is a descending channel coming out and brent-oil requests a bit more consolidation as an information of a breakout.
A descending channel can be thought of as a specific price action pattern that is angled down that is used to signal a bullish move when price breaks above resistance.
There is a possibility of a bullish push up to 62.
Brent Oil: Absteigender Kanal
UKOIL,
1 Stunde
LONG
Mär 30
It seems like a descending channel emerges and UKOIL requires a more steady move for the certainty of breakout.
A descending channel is said to depict a reliable price action formation that can be used to identify a move up once price breaks out.
It is not ruled out that a bullish run to the 79 zone will be made as the commodity probes 78.7 hurdle.
Brent Oil: Bullische Flagge
UKOIL,
1 Stunde
LONG
Mär 31
It seems like a bullish flag is detected.
If price breaks above resistance, the move could spot a further move up.
It is likely that a further bullish move to 79.5 will take place as door open for the continuation of the uptrend.
Brent Oil: Aufsteigender Kanal
UKOIL,
1 Stunde
SHORT
Feb 23
There is an ascending channel poping up and the price demands a next move for the certainty of breakdown.
An ascending channel often predicts that the price to go down if price breaks out.
UKOIL to slide towards 82.5 on a breach of 83 as the mood may get worse.
Brent Oil: Fallender Keil
UKOIL,
4 Stunden
LONG
Okt 17
There is a falling wedge exposed.
A falling wedge represents a specific chart pattern that is used to indicate a bullish move once price breaks out to the the upside.
Brent-oil to recover bullish potential to 62.
Brent Oil: Absteigender Kanal
UKOIL,
1 Stunde
LONG
Okt 21
A descending channel is nearing completion, the price is about to break out now.
Once price breaks out, the resulting move could identify the bears have run out of steam.
Brent-oil to jump towards 61.2 as uptrend may continue.
Brent Oil: Absteigender Kanal
UKOIL,
1 Stunde
LONG
Okt 21
There is a descending channel determined, brent-oil calls for a further move as an indication of a breakout.
A descending channel typically identifies a bullish move in case if price breaks out.
Brent-oil turns bullish to the 61 level.
Brent Oil: Aufsteigendes Dreieck
UKOIL,
1 Stunde
LONG
Mär 31
There is an ascending triangle discovered, UKOIL wants a bullish impulse as an indication of a breakout.
An ascending triangle identifies a technical bullish chart pattern that is used to spot a further move up when price breaks out to the the upside.
A bullish run towards 80 is about to happen on a breach of 79.4.
Brent Oil: Absteigender Kanal
UKOIL,
1 Stunde
LONG
Sep 23
It looks like a descending channel is almost done, the price is going to break out.
If price breaks out, the move could identify that the price to go up.
It is likely that a bullish price action to the 67 mark will occur on a breach of 66.4.
Brent Oil: Absteigender Kanal
UKOIL,
1 Stunde
LONG
Feb 21
As we can see a descending channel develops.
When price breaks above resistance, the resulting move could predict a move up.
There is a chance of a rangebound towards 83.5 as UKOIL nears 82.9 hurdle.
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Brent Oil · UKOIL