🔸Hello traders, let's review the daily price chart for UKOIL. Speculative XABCD in progress, with 20% upside potential based on the current price action / fundamentals.
🔸XABCD structure is defined by point X at 95.60, point A at 73.20, point B at 92.50, point C at 77.00, point D/PRZ at 105.00, currently most points validated, point D/PRZ pending in May/June 2024 (PRZ/D = 105.00)
🔸Recommended strategy for UKOIL traders: accumulate near market price using low leverage. TP Bulls is 105.00 +20% gains. swing trade setup. good luck!
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