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Brent Oil · UKOIL

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Brent Oil: Canal Descendant

UKOIL, 1 heure    LONG Nov 21
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.

Brent Oil: Canal Descendant

UKOIL, 1 jour    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: Canal Descendant

UKOIL, 1 heure    LONG Avr 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: Rectangle

UKOIL, 1 heure    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: Canal Ascendant

UKOIL, 4 heures    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: Triangle Ascendant

UKOIL, 1 heure    SHORT Mar 4

Brent Oil: Rectangle

UKOIL, 1 heure    LONG Sep 27
There is a rectangle distinguished and the price is going to break out soon. Once price breaks out, the resulting move could identify the bears have run out of steam. There is a chance of a bullish price action to 94.5 on a upside break.

Brent Oil: Canal Ascendant

UKOIL, 1 heure    SHORT Mai 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 heure    SHORT Mai 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.

Brent Oil: Rectangle Haussier

UKOIL, 1 heure    LONG Jui 19
UKOIL shapes a bullish rectangle and the price is close to breaking out now. A bullish rectangle denotes a compelling bullish indicator that can be used to spot a bullish price action once price breaks out to the the upside. It is not ruled out that a rangebound towards 77 will be made.

Brent Oil: Canal Ascendant

UKOIL, 1 heure    SHORT Mai 29
An ascending channel is close to being done and the price requires a more move to confirm ascending channel breakdown. An ascending channel is believed to be a bearish price pattern that has an upward slope that typically spots the bulls have run out of steam in case if price breaks through the support. It is possible that a bearish push down towards 76 will happen as gains remain capped.

Brent Oil: Biseau Ascendant

UKOIL, 1 heure    SHORT Jui 22
There is a rising wedge appearing, the price asks for fall as a signal of a breakout. A rising wedge is a compelling bearish price signal that can be used to spot a further move down if price breaks through the support. UKOIL set to fall towards 76 on a breach of 76.6 as the commodity challenges 76.6 hurdle.
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