DeGRAM | UKOIL pullback trade

UKOIL reached resistance, and it created AB=CD pattern. 

The market is trading in the ascending channel, indicating the bears are running out of steam and the bulls are in control.

Price broke and closed above the resistance at 84.00 which became the support level.

We expect a pullback, then a bullish move. 


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Chart PatternsSupport and ResistanceTrend Analysisukoilanalysisukoilsignal

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