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Brent Oil · UKOIL

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Brent Oil: Bearish Flag

UKOIL, 4 hours    SHORT 5 days ago
It looks like UKOIL creates a bearish flag and the price is ready to break out. A bearish flag is a specific bearish price signal that can be used to indicate a countertrend succeeding the current trend once price breaks out to the the downside. Corrective downside towards the 112 level is probable while below 114.5 as UKOIL failes to keep gains.

Brent Oil: Ascending Channel

UKOIL, 4 hours    SHORT 37 hours ago
It looks like the price completes an ascending channel. An ascending channel suggests a specific chart formation that is used to predict a change in the prevailing trend if price collapses through the support line. UKOIL set to extend its decline to the 110 mark.

Brent Oil: Descending Triangle

UKOIL, 1 day    LONG May 17
A descending triangle is uncovered, the price is breaking out. When price breaks above resistance, the resulting move could predict that the price to go up. It is not ruled out that a bullish push up to 115 will happen.

Brent Oil: Pennant

UKOIL, 4 hours    LONG Jun 27
There is a pennant encountered, the price breaks out. Once price breaks out to the the upside, the resulting move could signal that the price will rally further. A bullish run to 114 is likely to happen once beyond 112.

Brent Oil: Descending Channel

UKOIL, 4 hours    LONG Jun 24
There is a descending channel discovered, the price is about to break out. If price breaks above resistance, the move could identify that the price to go long. UKOIL to strengthen towards 115.

Brent Oil: Ascending Channel

UKOIL, 1 hour    SHORT 5 days ago
There is an ascending channel determined, UKOIL requests a bigger impulse down as a clue of a breakout. An ascending channel denotes a compelling indicator that can be used to spot that the price to go short in case if price breaks below support. UKOIL targets a move towards the 114 mark as UKOIL is at a brink of a bearish breakout.

Brent Oil: Ascending Channel

UKOIL, 4 hours    SHORT Jun 15
There is an ascending channel determined. An ascending channel identifies a move down if price breakdown occurs. UKOIL is at risk of extending its slump to 119 on a downside break.

Brent Oil: Rectangle

UKOIL, 1 hour    SHORT 5 days ago
As we can see a rectangle forms, UKOIL calls for a further bigger move to confirm rectangle breakdown. Once price breakdown occurs, the resulting move could indicate a move down. UKOIL points to the downside to the 113 mark as the commodity probes 114 hurdle.

Brent Oil: Ascending Triangle

UKOIL, 1 hour    SHORT Nov 26
It seems like an ascending triangle is determined. An ascending triangle describes a specific chart signal that can be used to signal an extension in the downward direction if price collapses through the support line. Extra downside towards 82 looks probable on a breach of 82.2.

Brent Oil: Bearish Flag

UKOIL, 1 hour    SHORT Nov 17
It seems like a bearish flag is spotted and the price calls for a move as a signal of a breakdown. A bearish flag can be thought of as a compelling price action signal that is used to indicate a temporary interruption of an existing trend when price breaks down. It is likely that corrective downside to the 80.5 mark will take place as UKOIL keeps the bid tone.

Brent Oil: Ascending Channel

UKOIL, 4 hours    SHORT Oct 27
There is an ascending channel occuring, UKOIL needs more steady fall as a signal of a breakdown. An ascending channel is believed to be a price action pattern that identifies a sharp decline when price breaks below support. It is not ruled out that decline to the 84 zone will occur on a breakout of the ascending channel.

Brent Oil: Rising Wedge

UKOIL, 1 day    SHORT Jun 16
There is a rising wedge poping up, the price needs a further steady move to confirm a breakout. If price collapses through the support line, the move could signal a change in the prevailing trend. A bearish push down to the 115 zone is likely on a breakout of the rising wedge as minor hurdle remains at 120.
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