UKOIL H&S pattern

By etsubu
UKOIL has formed H&S pattern with neckline close to ~60.44 this gives already a bearish signal but there is important support at 60.00 also so wait for a close under it. Also closing under ichimoku cloud gives bearish signal and I'm looking for a downtrend if price closes under 60$. Further analysis for profit target will be added if we enter downtrend
Chart PatternsTechnical IndicatorsTrend AnalysisCrude Oil Brent

Disclaimer