DeGRAM | UKOIL bearish pressure
UKOIL has been making lower highs and equal lows, indicating bearish pressure.
Price is testing the resistance at 76.00, the fibo, and the channel's upper border, which is a dynamic resistance.
The market is making a pullback on the larger scale of the bearish trend.
We anticipate a pullback. The market has dropped from this level before.
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Share your opinion in the comments and support the idea with a like. Thanks for your support!
Price is testing the resistance at 76.00, the fibo, and the channel's upper border, which is a dynamic resistance.
The market is making a pullback on the larger scale of the bearish trend.
We anticipate a pullback. The market has dropped from this level before.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
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