As we can see a descending triangle is close to being done and the price is going to break out soon.
In case if price breaks out to the the upside, the resulting move could predict the more likely potential of rising prices.
It is likely that a bullish push up to the 79 mark will happen.
Brent Oil: Descending Channel
UKOIL,
4 hours
LONG
Sep 23
A descending channel is exposed and the price expects a further bigger move as an information of a breakout.
A descending channel tends to be a technical chart signal that often signals that the price will rally further in case if price breaks out.
Brent-oil to move up to 67.5 once above 67.2 as the commodity looks bid.
Brent Oil: Pennant
UKOIL,
1 day
SHORT
Nov 21
There is a pennant occuring, the price is ready to break out soon.
Once price breaks below support, the resulting move could identify a bearish move.
Brent-oil is bearish and en route towards 62 as the commodity probes 63 hurdle.
Brent Oil: Ascending Triangle
UKOIL,
1 hour
SHORT
Jun 27
An ascending triangle is close to being completed and the price requires a further move as proof of a breakout.
An ascending triangle provides a formation that is used to spot a bearish price action if price breaks down.
UKOIL set to extend its decline to the 74 mark as the commodity keeps the bid tone.
Brent Oil: Rising Wedge
UKOIL,
1 hour
SHORT
Mar 7
There is a rising wedge determined and UKOIL requires a bearish impulse to confirm rising wedge breakout.
A rising wedge identifies a reliable bearish chart formation that is used to identify a change in the prevailing trend when price breaks through the support.
UKOIL to head to 85 once below 85.6.
Brent Oil: Descending Triangle
UKOIL,
1 hour
LONG
Jul 11
It looks like a descending triangle is almost done.
A descending triangle often signals a break in the price direction when price breaks out to the the upside.
UKOIL embarks on a bullish correction to 78.4.
Brent Oil: Falling Wedge
UKOIL,
1 hour
LONG
Jan 17
UKOIL creates a falling wedge and the price is about to break out.
A falling wedge depicts a compelling chart formation with a downward bias that predicts that the price to go up in case if price breaks through the resistance.
There is a possibility of a bullish price action towards 77.5 as uptrend may continue.
Brent Oil: Descending Channel
UKOIL,
1 hour
LONG
Jan 18
A descending channel is very close to being completed, the price demands a strong bullish impulse as a verification of a breakout.
A descending channel suggests a specific price action signal that is used to signal a downward trend is nearing its end once price breaks out to the the upside.
A bullish run towards the 78.5 zone is about to happen once beyond 78.2.
Brent Oil: Falling Wedge
UKOIL,
1 hour
LONG
Apr 21
There is a falling wedge discovered, UKOIL expects a more bullish impulse as proof of a breakout.
When price breaks through the resistance, the move could indicate that prices move counter to the prevailing price trend.
It is likely that a move towards 82 will take place.
Brent Oil: Ascending Channel
UKOIL,
1 hour
SHORT
Jan 12
We can see that an ascending channel arises.
An ascending channel is considered to be a compelling formation that is angled up that identifies a breakdown is likely to occur if price breaks out to the the downside.
UKOIL to resume its downfall to 77 as UKOIL becomes offered.
Brent Oil: Ascending Channel
UKOIL,
4 hours
SHORT
Nov 4
There is an ascending channel emerging.
An ascending channel typically identifies a next move down once price breaks out to the the downside.
Corrective downside to the 63 level is going to happen amid brent-oil recedes from tops.
Brent Oil: Descending Channel
UKOIL,
1 hour
LONG
Aug 8
There is a descending channel arising, UKOIL requests a more strong move as a clue of a breakout.
A descending channel indicates that the price to go long once price breaks out.
There is a possibility of a bullish push up towards the 85.5 level.
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Brent Oil · UKOIL