It seems like the price completes a rising wedge.
A rising wedge predicts a potential reversal in price action in case if price breaks out to the the downside.
UKOIL to slump to 76.5 once below 76.9.
Brent Oil: Descending Channel
UKOIL,
1 hour
LONG
Mar 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: Bullish Flag
UKOIL,
1 hour
LONG
Mar 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: Ascending Channel
UKOIL,
4 hours
SHORT
May 25
UKOIL forms an ascending channel, UKOIL requires a next bigger bearish move as an information of a breakdown.
If price breaks below support, the resulting move could indicate a next move down.
A further bearish run towards the 75 zone looks likely as the commodity probes 76.2 hurdle.
Brent Oil: Rectangle
UKOIL,
1 hour
SHORT
May 30
It seems like a rectangle has been found, the price lacks more fall as a verification of a breakout.
A rectangle identifies a next move down once price breakdown occurs.
There is a probability of a rangebound towards 76.2 on a downside break.
Brent Oil: Ascending Triangle
UKOIL,
1 hour
LONG
Mar 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: 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,
1 hour
SHORT
Dec 5
There is an ascending channel poping up, UKOIL calls for a next steady move as a clue of a breakdown.
An ascending channel describes a technical bearish price action pattern that has an upward slope that often spots a sharp decline once price breakdown occurs.
There is a probability of corrective downside towards the 84 mark.
Brent Oil: Ascending Triangle
UKOIL,
1 day
SHORT
Nov 18
Brent Oil: Ascending Channel
UKOIL,
1 day
SHORT
Feb 23
It seems like UKOIL shapes an ascending channel and the price is ready to break out.
An ascending channel identifies a useful pattern that predicts a move down once price breaks through the support.
There is a possibility of a move to 80 as the commodity nears 81 hurdle.
Brent Oil: Descending Channel
UKOIL,
1 hour
LONG
Apr 12
There is a descending channel encountered and the price expects a further bigger bullish action as evidence of a breakout.
A descending channel is considered to be a reliable indicator that is used to predict a pause in a downtrending market once price breaks out.
There is a possibility of a move to the 103 mark.
Brent Oil: Rising Wedge
UKOIL,
1 day
SHORT
Nov 1
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Brent Oil · UKOIL