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UKOIL reversed from resistance, potential set up for drop!

Por Tickmill
Corretora
Price holding below 78.6% Fibonacci retracement, 50% Fibonacci extension and horizontal graphical overlap resistance. A short term drop below our 1st resistance at 51.75 towards our 1st support and also 38.2% Fibonacci retracement, 50% Fibonacci extension and horizontal graphical overlap at 50.96 could be possible.
Chart PatternsHarmonic PatternsTrend Analysis
Tickmill
Corretora
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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