UKOil Bullish
**Monthly Chart**
UKOIL last month candle closed bullish after it tested the demand zone in Dec 2023 around 70 levels. This suggests a continuation of the bullish trend at least to test the MC around 95 level.
**Weekly Chart**
UKOil weekly chart shows bullish momentum although it has been moving in consolidation mode for the past three weeks. Last week's candle closed bullish and it is currently moving towards balancing the IPA (FVG) and MC around 92 level.
**Daily Chart**
The first target as per the daily chart is at 85 level (imbalanced area), then will look for a trade setup to take it long in the next few weeks. However, it might be a risky entry around this level because of IPA which might create resistance.
UKOIL last month candle closed bullish after it tested the demand zone in Dec 2023 around 70 levels. This suggests a continuation of the bullish trend at least to test the MC around 95 level.
**Weekly Chart**
UKOil weekly chart shows bullish momentum although it has been moving in consolidation mode for the past three weeks. Last week's candle closed bullish and it is currently moving towards balancing the IPA (FVG) and MC around 92 level.
**Daily Chart**
The first target as per the daily chart is at 85 level (imbalanced area), then will look for a trade setup to take it long in the next few weeks. However, it might be a risky entry around this level because of IPA which might create resistance.
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