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: Bullish Flag
UKOIL,
1 hour
LONG
Sep 14
It looks like a bullish flag is exposed, UKOIL requires a more strong move as proof of a breakout.
A bullish flag identifies a compelling price indicator that often predicts a downward trend is about to reverse into an upnward trend once price breaks through the resistance.
UKOIL tests a move towards 92.6.
Brent Oil: Ascending Channel
UKOIL,
1 hour
SHORT
Jan 29
There is an ascending channel poping up.
If price breaks out, the resulting move could predict a further move down.
UKOIL to experience further corrective weakness to 82.
Brent Oil: Ascending Channel
UKOIL,
4 hours
SHORT
Dec 28
There is an ascending channel uncovered, UKOIL expects an active impulse down as a sign of a breakout.
When price breaks through the support, the move could identify a trend change to the downside.
UKOIL turns lower towards 79 on a breach of 79.4 as UKOIL probes 79.4 hurdle.
Brent Oil: Ascending Channel
UKOIL,
4 hours
SHORT
Dec 22
As we can see an ascending channel occurs and the price is ready to break out.
If price breakdown occurs, the move could predict the more likely potential of falling prices.
UKOIL now looks to 79.
Brent Oil: Descending Channel
UKOIL,
1 day
LONG
Jul 8
A descending channel has been detected, the price asks for a bullish action as a signal of a breakout.
A descending channel identifies a reliable price action indicator that can be used to indicate a bullish price move once price breaks through the resistance.
A move towards the 78 zone looks likely as there is room for a upside correction.
Brent Oil: Rectangle
UKOIL,
1 hour
SHORT
Oct 11
A rectangle is distinguished and the price wants a next active bearish action as an information of a breakdown.
A rectangle indicates that the price to go down once price collapses through the support line.
UKOIL to move back to 87 on a breakdown of the rectangle.
Brent Oil: Descending Channel
UKOIL,
1 hour
LONG
Apr 11
A descending channel has been discovered, the price is ready to break out soon.
A descending channel often spots a bullish price action in case if price breaks out to the the upside.
UKOIL to peak to the 85 level while above 84.7.
Brent Oil: Ascending Channel
UKOIL,
4 hours
SHORT
Jan 30
There is an ascending channel diagnosed.
An ascending channel typically indicates a bearish price action once price breaks below support.
UKOIL turns lower to 82 on a break below 82.8.
Brent Oil: Ascending Triangle
UKOIL,
1 hour
SHORT
Mar 4
Brent Oil: Ascending Channel
UKOIL,
1 hour
SHORT
May 24
An ascending channel is very close to being finished.
An ascending channel identifies a chart pattern that often indicates a bearish price action once price breakdown occurs.
Further decline towards 77 about to be made.
Brent Oil: Rectangle
UKOIL,
1 hour
SHORT
May 11
There is a rectangle materializing.
A rectangle provides a specific price action indicator that is used to spot that the price to go short once price breaks through the support.
There is a probability of a move towards the 75.5 level while lower than 76.
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Brent Oil · UKOIL