A descending channel has been distinguished and the price requires a further active move as an indication of a breakout.
A descending channel tends to be a price action formation with a downward bias that typically spots that prices move counter to the prevailing price trend if price breaks through the resistance.
UKOIL to continue the appreciation trend to the 85 mark as downside pressure seen easing.
Brent Oil: Symmetrical Triangle
UKOIL,
1 hour
LONG
Sep 25
A symmetrical triangle happens and the price requests a next bigger move as a sign of a breakout.
In case if price breaks out, the resulting move could signal that the price to go long.
Brent-oil to recover bullish potential towards 69.5.
Brent Oil: Descending Triangle
UKOIL,
4 hours
LONG
Jul 21
It looks like a descending triangle is found.
A descending triangle results in a sharp rise in case if price breaks out to the the upside.
UKOIL to resume its rise towards 81.
Brent Oil: Rising Wedge
UKOIL,
4 hours
SHORT
3 days ago
There is a rising wedge exposed.
A rising wedge represents a signal that is used to signal prices are likely to keep falling downward when price breaks out.
There is a possibility of a rangebound to the 62 mark.
Brent Oil: Descending Triangle
UKOIL,
1 day
LONG
Sep 3
A descending triangle takes place and the price demands a strong bullish impulse to confirm a breakout.
Once price breaks above resistance, the resulting move could signal extending an uptrend.
There is a chance of a bullish push up to 70 as brent-oil becomes bullish.
Brent Oil: Ascending Channel
UKOIL,
4 hours
SHORT
Aug 8
There is an ascending channel appearing, UKOIL calls for a next move as an indication of a breakout.
An ascending channel describes a technical bearish chart indicator that is used to indicate a bearish price move in case if price breaks out.
There is a possibility of a bearish push down towards the 82 zone as the commodity is at a brink of a bearish breakout.
Brent Oil: Pennant
UKOIL,
1 hour
LONG
May 5
As we can see a pennant comes out, the price asks for an active move as proof of a breakout.
In case if price breaks out, the resulting move could spot the bears have run out of steam.
There is a possibility of a move to 73.5 on a break above 73.
Brent Oil: Ascending Channel
UKOIL,
4 hours
SHORT
Sep 29
There is an ascending channel emerging and the price is about to break out soon.
An ascending channel often predicts a move down in case if price breakdown occurs.
Brent-oil set to extend its decline towards 68 on a break below 68.8 as minor hurdle remains at 68.8.
Brent Oil: Rising Wedge
UKOIL,
1 hour
SHORT
Jun 19
It looks like a rising wedge emerges.
A rising wedge represents a compelling indicator that predicts a trend change to the downside once price breaks out to the the downside.
There is a probability of a bearish push down towards the 75 level while below 76.2 as bears looking for downside correction.
Brent Oil: Descending Channel
UKOIL,
4 hours
LONG
Dec 14
UKOIL gives a descending channel and the price breaks out.
A descending channel results in that the price will rally further if price breaks out.
It is possible that a move to 77 will form on a break above 76.
Brent Oil: Pennant
UKOIL,
4 hours
LONG
Nov 26
There is a pennant noticed.
A pennant results in a further move up once price breaks above resistance.
Brent-oil challenges a move to 64 as the commodity resumes the upside.
Brent Oil: Rectangle
UKOIL,
4 hours
SHORT
Dec 28
There is a rectangle found, the price is close to breaking out.
A rectangle describes a technical bearish price signal that is used to spot a move down if price breakdown occurs.
UKOIL looks south towards the 77 zone.
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