DeGRAM | UKOIL short opportunityUKOIL moved down as we predicted in the last post.
Price action has created equal support levels. But the new high is lower than the previous high, meaning that the bulls are running out of steam.
The market is in a consolidation phase.
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Ukoilsignal
DeGRAM | UKOIL short at confluent zoneUKOIL is forming a big triangle by making lower highs and higher lows.
Price has previously made sharp moves downward from the 112$ level.
There is a good chance the level could hold the price.
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DeGRAM | UKOIL short opportunityOil has bounced off from 110$ level as we predicted before.
Now it is going down after breaking out the channel.
Price is likely going to test the lower levels till 100$.
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UKOIL - buy after retest🔥Pair is in the global trend direction. For the last month, the price was in a range and made breakout a local trend line. There has been no retest yet. And this is a good opportunity to wait for a good entry point.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade