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Brent Oil · UKOIL

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Brent Oil: Absteigender Kanal

UKOIL, 1 Stunde    LONG Nov 24
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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