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Ukoilsignal

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
DeGRAM | UKOIL breakout of the channelUKOIL broke through the rising channel , which was only a pullback in terms of the global bearish trend . The price tested, broke, and closed below the psychological level of $80.00. The oil market could retest the resistance before dropping again, even though we can see a big red candle that indicates the start of a downtrend. We anticipate a bearish continuation trade. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
TVC:UKOILShort
by DeGRAM
9