UKOIL
Bullish bias.
Series of HH's and HL's and as we're at a key level with no momentum to push lower and create a higher low I believe this instrument is heading higher to create a higher high at the weekly resistance level around 72.16 maybe a spike to 73.4.
I will wait for a clear bullish signal preferably a breakout of the triangle, a bullish engulfing candle would be the best signal to go long!
Chart is self explanatory!
Series of HH's and HL's and as we're at a key level with no momentum to push lower and create a higher low I believe this instrument is heading higher to create a higher high at the weekly resistance level around 72.16 maybe a spike to 73.4.
I will wait for a clear bullish signal preferably a breakout of the triangle, a bullish engulfing candle would be the best signal to go long!
Chart is self explanatory!
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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.