Neutral Outlook for UKOIL as technical indicators are mixed.
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Price is facing bullish pressure from our first support in line with our ascending trend line, horizontal swing low support, 1.272% fibonacci extension and 61.8% fibonacci retracement where we could see a bounce above this level to our first resistance level. Stochastic is approaching support as well.
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Price is facing bearish pressure from our first resistance level, in line with our horizontal pullback resistance, 61.8% fibonacci retracement where we could see a further drop below this level. The Ichimoku cloud and 20 period EMA are showing signs of bearish pressure as well.
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USDCAD went up to test our upside confirmation at 1.3317 where the 161.8% fib retracement is. Price could bounce further from current level towards 1st resistance where the 200% fib retracement is. EMA also indicates that further upside could come.
UKOIL reversed off its resistance at 41.80 where it could potentially drop further to 41.05.
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Price is facing bullish pressure from our first support level, in line with our horizontal swing low support, 50% fibonacci retracement, 61.8% fibonacci extension, where we could see a bounce to our first resistance target. Stochastic is facing bullish pressure from our support as well.
Trading CFDs on margin carries high risk.
Losses can exceed the initial...
Price is facing bearish pressure from our first resistance in line with our 78.6% fibonacci extension and 127.2% fibonacci retracement where we could see a reversal below this level. Stochastic is facing bearish pressure from our resistance as well.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully...
USDCAD went up to test 1st resistance at 1.3206 where the 61.8% fib retracement is. Price could reverse further from current level towards 1st si [[prt where the horizontal swing low is. EMA also indicates that further downside could come.
UKOIL bounced off 43.02 where it could potentially rise further to 43.78
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UKOIL reversed off its resistance at 43.48 where it could potentially drop further to 42.42.
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Losses can exceed the initial investment so please ensure you fully
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Price is facing bullish pressure where a clear break of our upside confirmation level could provide the bullish acceleration to our first resistance target. Ichiomku cloud is also showing signs of bullish pressure in line with our bullish bias.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully...
USDCAD bounced from its 1st support at 1.3142 towards 1st resistance at 1.3206 where the 61.8% fib retracement and the trendline resistance are. Price could pull back to the trendline and reverse from there. EMA also indicates that further downside could come.
Gold bounced off our support previously, we remain bullish above our intermediate support level, where it could potentially rise further to 1971.25.
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Gold bounced off our support at 1936.90 where we could see a bounce above this level to our resistance at 1959.84. .
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
USDCAD broke out our upside confirmation at 1.3207 where the horizontal pullback support and 61.8% fib retracement are. Price could ride the trend and go higher towards 1st resistance at 1.3259. EMA also indicates that further upside will come.
Copper bounced off support at 2.98025 where it could potentially rise further to 3.02015.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
UKOIL reversed off its resistance at 42.42 where it could potentially drop further to 40.58.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD is testing the our 1st support at 1.3165 where the horizontal pullback support and 61.8% fib retracement are. Price could touch 1st support and bounce from there. EMA also indicates that further upside will come.
