UKOIL - very nice parabolic channel and short opportunity soon
There will be nice short opportunity soon on 
UKOIL. Just wait on touch on trendline. Market target price is not recommended. It could go more down.
On 4H it looks like down trend but its local down trend. We are in up trend in the bigger picture. As you can see, the price is coming to the "strong support trendline" marked blue by myself. On this trend line we can expect bulls reaction.
Happy trading, happy hunting.
UKOIL. Just wait on touch on trendline. Market target price is not recommended. It could go more down.On 4H it looks like down trend but its local down trend. We are in up trend in the bigger picture. As you can see, the price is coming to the "strong support trendline" marked blue by myself. On this trend line we can expect bulls reaction.
Happy trading, happy hunting.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.