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Ukoilanalysis

DeGRAM | UKOIL continuation of trendUKOIL reached resistance, and it's pulling back from it. It is potentially printing the AB=CD pattern where the D point completes right at the fibo cluster level.   The market is trading in the ascending channel, indicating the bears are running out of steam and the bulls are in control. We anticipate the continuation of this current trend from the psychological level at 85.00 and the fibo cluster. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
TVC:UKOILLong
by DeGRAM
5
DeGRAM | UKOIL bearish pressureUKOIL has been making lower highs and equal lows, indicating bearish pressure. Price is testing the resistance at 76.00, the fibo, and the channel's upper border, which is a dynamic resistance. The market is making a pullback on the larger scale of the bearish trend. We anticipate a pullback. The market has dropped from this level before. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
TVC:UKOILShort
by DeGRAM
11
DeGRAM | UKOIL short opportunityUKOIL market shows divergence, and if the price closes below 78.00 by printing a double top , then we can look for a selling opportunity. If the price breaks and closes below the 77 support level, the market will most likely go down. We anticipate a down trade because the ascending channel is a pullback against the major bearish trend. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
TVC:UKOILShort
by DeGRAM
4
UKOIL Analysis: Brent Crude OilThe looming possibility of a US debt ceiling default has sent shockwaves through the financial markets, triggering a series of events that could impact various assets, including commodities like UKOIL (Brent Crude Oil). In this analysis, we will explore the potential implications of a US debt ceiling default on UKOIL and present a trading strategy based on the current market conditions. Analysis: 1. US Debt Ceiling Default Impact: A US debt ceiling default can have far-reaching consequences on global financial markets. Uncertainty and market volatility often drive investors towards safe-haven assets like commodities, particularly crude oil. As a result, we can anticipate increased demand and a potential price surge for UKOIL. 2. Buy Zone: The suggested buy zone for UKOIL, considering the potential effects of a US debt ceiling default, lies between $73.42 and $65.46. This range indicates the levels at which traders could consider entering long positions, anticipating a bullish price movement. 3. Stop Loss: To manage risk, it is crucial to establish a stop loss level. For this analysis, a suggested stop loss level is $61.53. Traders should set their stop-loss orders below this point to protect against adverse price movements. 4. First Target: The first target for UKOIL, considering the potential rise resulting from a US debt ceiling default, is set at $121.22. This level represents a significant upside potential and serves as an initial profit-taking area. 5. Second Target: In the event of a sustained bullish trend, the analysis suggests that UKOIL could potentially reach new all-time highs. The second target is set at $184.53, reflecting the possibility of an extended price surge beyond previous records. Considering the potential impact of a US debt ceiling default on UKOIL, there is a compelling case for a bullish price movement. The suggested buy zone of $73.42 to $65.46 provides an opportunity for traders to enter long positions, while the $61.53 stop loss helps manage risk. The first target of $121.22 offers a profitable exit point, and the potential for UKOIL to reach new all-time highs, with a second target of $184.53, adds an exciting long-term perspective. Disclaimer: This analysis is based on the assumption of a US debt ceiling default and should be considered speculative. Traders and investors should conduct their research, evaluate market conditions, and exercise caution when making financial decisions.
TVC:UKOILLong
by mahmoudbawa
1
Brent: In the Jungle 🌳🌴🎍Wimoweh, wimoweh, wimoweh, wimoweh Wimoweh, wimoweh, wimoweh, wimoweh Wimoweh, wimoweh, wimoweh, wimoweh Wimoweh, wimoweh, wimoweh, wimoweh In the jungle, the mighty jungle The lion sleeps tonight, In the jungle the quiet jungle The lion sleeps tonigh Wee heeheehee…– … – okay, let’s stop here before we won’t be able to get this song out of our heads. We should rather take a look at Brent, which has advanced deep into the dark green jungle between $77.13 and $42.20 and has left the mark at $75.09 behind. We hope, the course has taken a sharp machete along, as we expect it to penetrate the scrub further – ideally until the 61.80%-retracement at $62.71. There, it should complete wave 2 in green and subsequently turn upwards again.
TVC:UKOIL
by MarketIntel