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CANAL ASCENDENTE
Brent Oil
UKOIL
1H
It looks like the price builds an ascending channel and brent-oil demands a steady move as proof of a breakout.
An ascending channel is believed to be a specific formation with an upward bias that signals a next move down once price breaks out.
Brent-oil to extend its setback towards 61.
CUÑA ASCENDENTE
Brent Oil
UKOIL
1H
We can see that a rising wedge has been distinguished.
A rising wedge represents a compelling price signal that spots a potential reversal in price action in case if price breaks out.
Decline to 62 is likely on a breakout of the rising wedge as brent-oil nears 62.2 hurdle.
CANAL DESCENDENTE
Brent Oil
UKOIL
4H
There is a descending channel taking place.
A descending channel represents a useful bullish signal that can be used to spot a bullish price move in case if price breaks above resistance.
There is a possibility of a bullish price action to the 64 mark on impulse above 63 amid rising bets for the move.
TRIANGULO SIMÉTRICO
Brent Oil
UKOIL
1H
Brent-oil shows a symmetrical triangle.
A symmetrical triangle is believed to be a bullish price action signal that identifies a bullish price action in case if price breaks out.
Brent-oil to strengthen to the 63 zone.
BANDERÍN
Brent Oil
UKOIL
1H
There is a pennant appearing, the price is going to break out.
When price breaks out, the move could identify the more likely potential of falling prices.
It is likely that corrective downside to 61 will occur.
CANAL DESCENDENTE
Brent Oil
UKOIL
1H
We can see that a descending channel is very close to being completed and the price expects an active move as evidence of a breakout.
A descending channel represents a useful bullish price action signal that results in the more likely potential of rising prices when price breaks out.
A bullish price action towards 63 is probable on a breach of 62.7.
CANAL DESCENDENTE
Brent Oil
UKOIL
1H
The price composes a descending channel, the price is ready to break out.
A descending channel describes a useful pattern that identifies a move up when price breaks above resistance.
Brent-oil advances higher towards 63.
CANAL DESCENDENTE
Brent Oil
UKOIL
1H
A descending channel has been identified.
A descending channel represents a compelling bullish price pattern that is angled down that can be used to identify a bullish price move when price breaks out.
Brent-oil to extend its advance to the 63 zone as the commodity nears 62.6 hurdle.
CUÑA DESCENDENTE
Brent Oil
UKOIL
1H
It seems like a falling wedge develops.
In case if price breaks through the resistance, the move could spot a bullish move.
A further move towards the 63 level is possible.
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