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Brent Oil · UKOIL

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Brent Oil: Bullish Flag

UKOIL, 1 day    LONG Dec 30
We can see that the price forms a bullish flag, the price is going to break out. A bullish flag typically identifies a move up in case if price breaks out to the the upside. A bullish run towards 85 is likely as door open for the continuation of the uptrend.

Brent Oil: Rectangle

UKOIL, 1 day    SHORT Nov 18
There is a rectangle taking place. When price breaks out, the resulting move could indicate a move down. UKOIL to prolong the corrective phase to the 78 zone.

Brent Oil: Ascending Channel

UKOIL, 1 hour    SHORT 4 days ago
An ascending channel is close to being finished, the price is ready to break out. Once price breaks out to the the downside, the move could spot an interruption of an uptrend. There is a chance of extra downside to the 87 zone on a breakdown of the ascending channel as extra rangebound not ruled out.

Brent Oil: Ascending Channel

UKOIL, 4 hours    SHORT 3 days ago
It looks like UKOIL completes an ascending channel. An ascending channel signals a next move down when price breaks out to the the downside. It is not ruled out that a bearish move towards the 86 level will take place.

Brent Oil: Ascending Channel

UKOIL, 1 day    SHORT Nov 16
There is an ascending channel happening, the price breaks out. An ascending channel results in an extension in the downward direction in case if price collapses through the support line. UKOIL to slide to the 80 mark on a breakout of the ascending channel.

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: Ascending Channel

UKOIL, 4 hours    SHORT Oct 27
There is an ascending channel distinguished. An ascending channel typically results in a sharp decline if price breaks through the support. UKOIL to move back towards the 84 mark as extra rangebound not ruled out.

Brent Oil: Rising Wedge

UKOIL, 4 hours    SHORT Nov 26
A rising wedge is almost finished and the price is close to breaking out. A rising wedge is believed to be a specific bearish signal that can be used to spot a further move down once price breakdown occurs. Corrective downside to 79 is likely on a break below 79.6.

Brent Oil: Falling Wedge

UKOIL, 1 hour    LONG Jan 11
It looks like a falling wedge is almost finished and UKOIL needs a strong move as an information of a breakout. A falling wedge identifies that the price to go up in case if price breaks out to the the upside. A bullish run to the 82 zone about to be made.

Brent Oil: Descending Channel

UKOIL, 1 hour    LONG Jan 14
A descending channel is close to being finished and the price is close to breaking out soon. A descending channel is believed to be a reliable signal that typically spots that the price to go up if price breaks out. A rangebound towards 84.8 is probable.
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