There is a descending channel coming out and UKOIL demands a further bigger impulse up as a signal of a breakout.
A descending channel tends to be a reliable price signal that can be used to spot that the price to go up in case if price breaks through the resistance.
A bullish run to 83.5 is a possibility.
Brent Oil: Bearish Flag
UKOIL,
1 hour
SHORT
Jan 31
We can see that a bearish flag turns up, UKOIL requires a more move as a signal of a breakdown.
A bearish flag tends to be a specific formation that has an upward slope that can be used to spot a breakdown is likely to occur when price collapses through the support line.
UKOIL risks further downside to 81.5 on a breach of 81.7 amid the commodity recedes from tops.
Brent Oil: Descending Channel
UKOIL,
4 hours
LONG
Mar 7
It seems like a descending channel is close to being completed.
Once price breaks through the resistance, the move could spot a tendency to break in the opposite direction.
UKOIL tests a move towards the 84 mark.
Brent Oil: Ascending Channel
UKOIL,
1 hour
SHORT
Feb 20
An ascending channel is uncovered, the price calls for a further bigger move to confirm ascending channel breakdown.
An ascending channel can be thought of as a reliable formation that has an upward slope that spots that the price to go down if price breaks below support.
There is a chance of decline towards the 82.6 zone on impulse below 82.75 as UKOIL probes 82.75 hurdle.
Brent Oil: Ascending Channel
UKOIL,
1 hour
SHORT
Dec 12
There is an ascending channel appearing.
An ascending channel tends to be a specific price action pattern that is used to identify a move down in case if price collapses through the support line.
A move towards the 75 level is possible on a breach of 75.3 as UKOIL nears 75.3 hurdle.
Brent Oil: Bullish Flag
UKOIL,
1 hour
LONG
Oct 17
There is a bullish flag developing and the price requires a next active move as a clue of a breakout.
Once price breaks above resistance, the resulting move could indicate that prices are likely to keep rallying upward.
UKOIL to push up towards 90.5.
Brent Oil: Ascending Channel
UKOIL,
1 hour
SHORT
Oct 30
An ascending channel has been diagnosed, the price demands a strong move as a verification of a breakout.
An ascending channel can be thought of as a specific price action indicator that can be used to identify a bearish move in case if price breakdown occurs.
UKOIL does not rule out a move towards the 88 zone as gains remain capped.
Brent Oil: Ascending Channel
UKOIL,
1 day
SHORT
Oct 4
We can see that an ascending channel forms and the price is about to break out.
In case if price breaks through the support, the resulting move could predict a sharp decline.
UKOIL to head towards the 85 mark.
Brent Oil: Bullish Flag
UKOIL,
1 hour
LONG
Mar 5
Brent Oil: Descending Channel
UKOIL,
1 hour
LONG
Feb 21
UKOIL develops a descending channel.
If price breaks out, the move could signal a bullish price action.
A bullish run towards the 83 mark is a possibility.
Brent Oil: Ascending Channel
UKOIL,
4 hours
SHORT
Oct 3
There is an ascending channel happening, the price is ready to break out.
An ascending channel represents a compelling bearish signal that results in a move down once price breaks down.
UKOIL looks south to 93.
Brent Oil: Rising Wedge
UKOIL,
1 hour
SHORT
Jan 16
As we can see UKOIL shows a rising wedge.
A rising wedge signals a bearish price move when price breaks out to the the downside.
There is a possibility of corrective downside to 78 as UKOIL becomes weaker.
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Brent Oil · UKOIL