DeGRAM | UKOIL confluence zone

UKOIL broke through the support level and dropped below 80.000.

The price pulled back to resistance against the bearish trend.

The oil market could retest the resistance and fibo cluster before dropping again.

We anticipate a bearish continuation trade if the market rejects the resistance level.



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Chart PatternsSupport and ResistanceTrend Analysisukoilanalysisukoilsignal

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