DeGRAM | UKOIL short opportunity

UKOIL market shows overbought at resistance at 81.00 and the fibo golden zone on the 4H chart.

If the price makes a double top at the resistance level, the market will most likely go down.

We anticipate a short trade because the ascending channel is a pullback against the major bearish trend.


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Chart PatternsSupport and ResistanceTrend Analysisukoilanalysisukoilsignal

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