There is a falling wedge developing.
A falling wedge indicates price heading to a new direction when price breaks out.
UKOIL challenges a move towards 74 on a breach of 72.8.
Brent Oil: Rectangle
UKOIL,
4 hours
LONG
Jun 30
There is a rectangle diagnosed, the price demands a bit more consolidation for the certainty of breakout.
A rectangle is said to depict a compelling signal that is used to identify extending an uptrend in case if price breaks out.
UKOIL advances higher towards the 75 level as downside pressure seen easing.
Brent Oil: Rising Wedge
UKOIL,
1 hour
SHORT
Sep 25
There is a rising wedge encountered, the price demands a further active move as proof of a breakdown.
A rising wedge provides a specific pattern that often predicts that the price to go short when price breaks through the support.
UKOIL pulls back towards 93 while lower than 93.4.
Brent Oil: Symmetrical Triangle
UKOIL,
1 hour
SHORT
Mar 4
Brent Oil: Descending Triangle
UKOIL,
1 hour
LONG
Sep 12
A descending triangle is encountered, the price calls for a further steady move as a signal of a breakout.
A descending triangle describes a reliable price action formation that can be used to identify that the price will rally further when price breaks through the resistance.
There is a chance of a bullish move to the 91 level.
Brent Oil: Descending Channel
UKOIL,
4 hours
LONG
Jul 19
We can see that UKOIL shows a descending channel and the price is close to breaking out.
A descending channel is believed to be a price action indicator that often signals price heading to a new direction in case if price breaks through the resistance.
A bullish run towards 82 is possible while above 80.8.
Brent Oil: Rising Wedge
UKOIL,
1 hour
SHORT
Jun 26
There is a rising wedge emerging and the price is going to break out.
A rising wedge can be thought of as a technical bearish price indicator that often predicts a further move down if price collapses through the support line.
There is a probability of corrective downside to 73.5.
Brent Oil: Falling Wedge
UKOIL,
1 hour
LONG
Feb 6
A falling wedge is very close to being finished, the price is going to break out.
A falling wedge represents a technical formation that is angled down that typically indicates a downward trend is nearing its end if price breaks above resistance.
UKOIL to move upward towards 78.5 on a breach of 78.1 as the commodity probes 78.1 hurdle.
Brent Oil: Ascending Channel
UKOIL,
1 hour
SHORT
Jun 19
The price establishes an ascending channel.
An ascending channel depicts a bearish indicator that typically predicts an interruption of an uptrend when price breakdown occurs.
It is possible that a bearish price action to the 75 mark will happen.
Brent Oil: Rising Wedge
UKOIL,
1 hour
SHORT
Jun 8
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
Oct 17
A descending channel has been encountered.
A descending channel suggests a compelling bullish price action indicator that can be used to identify a bearish-to-bullish trend reversal when price breaks out.
UKOIL to enjoy a considerable gain towards the 90.5 level.
Brent Oil: Bullish Flag
UKOIL,
1 hour
LONG
Jun 15
A bullish flag is close to being finished.
A bullish flag signals that prices are likely to keep rallying upward in case if price breaks out.
UKOIL violates bearish trendline to the 75 zone on a breakout of the bullish flag.
Disclaimer.
No Investment Advice Provided.
Any opinions, chats, messages, news, research, analyses, prices, or other information contained on this Website are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice.
The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.
Patterns.cc will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Risk Disclosure.
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Brent Oil · UKOIL