It looks like a descending channel is close to being complete and the price is going to break out soon.
A descending channel tends to be a reliable price signal that typically predicts a break in the price direction when price breaks above resistance.
It is likely that a bullish continuation towards 84.5 will happen on a breach of 84.2.
Brent Oil: Descending Channel
UKOIL,
1 ชั่วโมง
เพิ่มขึ้น
ม.ค. 17
A descending channel has been determined, UKOIL asks for a bit more consolidation for the certainty of breakout.
A descending channel identifies a bullish price move when price breaks above resistance.
UKOIL to turn bullish to 78.5 on a breakout of the descending channel as UKOIL becomes bid.
Brent Oil: Ascending Channel
UKOIL,
1 ชั่วโมง
ลดลง
ก.ย. 29
An ascending channel has been determined.
In case if price breakdown occurs, the resulting move could signal a tendency to break in the opposite direction.
It is possible that extra downside to the 68.5 mark will occur on a breakout of the ascending channel as the commodity becomes weaker.
Brent Oil: Descending Channel
UKOIL,
1 ชั่วโมง
เพิ่มขึ้น
ต.ค. 12
As we can see a descending channel develops.
A descending channel often results in that the price to go up if price breaks out to the the upside.
UKOIL to resume its rise towards 87.
Brent Oil: Descending Channel
UKOIL,
1 ชั่วโมง
เพิ่มขึ้น
พ.ค. 23
It seems like UKOIL composes a descending channel and the price is close to breaking out.
A descending channel often spots a further move up if price breaks out.
It is not ruled out that a further bullish continuation to 76.5 will happen on a breakout of the descending channel as UKOIL nears 76.4 hurdle.
Brent Oil: Ascending Triangle
UKOIL,
1 ชั่วโมง
ลดลง
ม.ค. 8
There is an ascending triangle determined and the price expects a further strong move as a clue of a breakdown.
If price breaks out to the the downside, the move could indicate a next move down.
There is a possibility of a rangebound towards 78.
Brent Oil: Ascending Triangle
UKOIL,
1 ชั่วโมง
เพิ่มขึ้น
ธ.ค. 18
We can see that an ascending triangle materializes and the price requires a more strong bullish action as a sign of a breakout.
In case if price breaks above resistance, the move could identify that the price to go long.
UKOIL to jump to 77.5 as minor hurdle remains at 77.2.
Brent Oil: Descending Channel
UKOIL,
1 ชั่วโมง
เพิ่มขึ้น
ก.ย. 23
A descending channel emerges and the price needs more strong rise to confirm descending channel breakout.
If price breaks out, the move could predict a break in the price direction.
There is a possibility of a bullish push up to 67.5.
Brent Oil: Ascending Channel
UKOIL,
1 ชั่วโมง
ลดลง
มี.ค. 7
It looks like an ascending channel materializes and UKOIL requires a steady move for the certainty of breakdown.
An ascending channel signals the bulls have run out of steam in case if price collapses through the support line.
A bearish move to the 84.5 level looks likely on a breakout of the ascending channel as minor hurdle remains at 85.1.
Brent Oil: Descending Triangle
UKOIL,
1 ชั่วโมง
เพิ่มขึ้น
มี.ค. 8
Brent Oil: Descending Channel
UKOIL,
1 ชั่วโมง
เพิ่มขึ้น
ต.ค. 13
A descending channel is very close to being completed.
A descending channel is believed to be a reliable price pattern that indicates a further move up when price breaks through the resistance.
UKOIL to grind higher to the 87.5 zone on a breach of 87.2.
Brent Oil: Descending Triangle
UKOIL,
4 ชั่วโมง
เพิ่มขึ้น
ก.ค. 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.
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Brent Oil · UKOIL