This is a technical analysis on UKOIL on daily time frame with log scale on.
Everything is explained on the chart itself.
A strong continuation of the uptrend is expected, given the news that EU has proposed banning Russian oil imports this year.
Disclaimer: This is not an investment or financial advice. I'm just sharing an idea for educational purposes.
Everything is explained on the chart itself.
A strong continuation of the uptrend is expected, given the news that EU has proposed banning Russian oil imports this year.
Disclaimer: This is not an investment or financial advice. I'm just sharing an idea for educational purposes.
Note
This trade is still on!Note
Note
I ment rising wedge of course in the snapshot above :)Note
Let's take a look at WTI Crude OilNote
Oil failed to defeat the resistance around 114-115 and will probably go down.Note
Note
Let's look at WTINote
Note
Here we go again for another attempt to break above 15!Note
4 hour chart updade
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.