UKOIL (Brent Crude)
UKOIL (Brent Crude) has recently tested a strong support level at $73.80, where buying pressure has prevented further declines. This level has historically acted as a significant price floor, indicating a potential reversal or continuation of bullish momentum.
Bullish Scenario:
As long as UKOIL remains above $73.80, we can expect an upward move toward the next resistance levels.
The first key resistance is at $74.70, a level where sellers have previously shown interest.
If price action remains strong, the next upside target would be $75.30.
Bearish Scenario:
If UKOIL fails to hold $73.80 and breaks below this level, it may signal a further decline.
Bullish Scenario:
As long as UKOIL remains above $73.80, we can expect an upward move toward the next resistance levels.
The first key resistance is at $74.70, a level where sellers have previously shown interest.
If price action remains strong, the next upside target would be $75.30.
Bearish Scenario:
If UKOIL fails to hold $73.80 and breaks below this level, it may signal a further decline.
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Join My Telegram Channel for Signals and Technical Charts
t.me/Pipsviewtrading
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.