We can see that a descending channel is very close to being completed and the price expects an active move as evidence of a breakout.
A descending channel represents a useful bullish price action signal that results in the more likely potential of rising prices when price breaks out.
A bullish price action towards 63 is probable on a breach of 62.7.
Brent Oil: Absteigendes Dreieck
UKOIL,
4 Stunden
LONG
Jul 21
It looks like a descending triangle is found.
A descending triangle results in a sharp rise in case if price breaks out to the the upside.
UKOIL to resume its rise towards 81.
Brent Oil: Symmetrisches Dreieck
UKOIL,
1 Stunde
LONG
Sep 25
A symmetrical triangle happens and the price requests a next bigger move as a sign of a breakout.
In case if price breaks out, the resulting move could signal that the price to go long.
Brent-oil to recover bullish potential towards 69.5.
Brent Oil: Aufsteigender Kanal
UKOIL,
4 Stunden
SHORT
Aug 8
There is an ascending channel appearing, UKOIL calls for a next move as an indication of a breakout.
An ascending channel describes a technical bearish chart indicator that is used to indicate a bearish price move in case if price breaks out.
There is a possibility of a bearish push down towards the 82 zone as the commodity is at a brink of a bearish breakout.
Brent Oil: Absteigendes Dreieck
UKOIL,
1 Tag
LONG
Sep 3
A descending triangle takes place and the price demands a strong bullish impulse to confirm a breakout.
Once price breaks above resistance, the resulting move could signal extending an uptrend.
There is a chance of a bullish push up to 70 as brent-oil becomes bullish.
Brent Oil: Wimpel
UKOIL,
1 Stunde
LONG
Mai 5
As we can see a pennant comes out, the price asks for an active move as proof of a breakout.
In case if price breaks out, the resulting move could spot the bears have run out of steam.
There is a possibility of a move to 73.5 on a break above 73.
Brent Oil: Aufsteigender Kanal
UKOIL,
4 Stunden
SHORT
Sep 29
There is an ascending channel emerging and the price is about to break out soon.
An ascending channel often predicts a move down in case if price breakdown occurs.
Brent-oil set to extend its decline towards 68 on a break below 68.8 as minor hurdle remains at 68.8.
Brent Oil: Steigender Keil
UKOIL,
1 Stunde
SHORT
Jun 19
It looks like a rising wedge emerges.
A rising wedge represents a compelling indicator that predicts a trend change to the downside once price breaks out to the the downside.
There is a probability of a bearish push down towards the 75 level while below 76.2 as bears looking for downside correction.
Brent Oil: Absteigender Kanal
UKOIL,
4 Stunden
LONG
Dez 14
UKOIL gives a descending channel and the price breaks out.
A descending channel results in that the price will rally further if price breaks out.
It is possible that a move to 77 will form on a break above 76.
Brent Oil: Rechteck
UKOIL,
4 Stunden
SHORT
Dez 28
There is a rectangle found, the price is close to breaking out.
A rectangle describes a technical bearish price signal that is used to spot a move down if price breakdown occurs.
UKOIL looks south towards the 77 zone.
Brent Oil: Steigender Keil
UKOIL,
4 Stunden
SHORT
vor 3 Tagen
There is a rising wedge exposed.
A rising wedge represents a signal that is used to signal prices are likely to keep falling downward when price breaks out.
There is a possibility of a rangebound to the 62 mark.
Brent Oil: Absteigender Kanal
UKOIL,
1 Stunde
LONG
Jul 7
There is a descending channel found and UKOIL requests a next bigger move as an indication of a breakout.
When price breaks out to the the upside, the move could spot a next move up.
UKOIL points to the upside to 77 once above 76.7 as UKOIL probes 76.7 hurdle.
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