UKOIL (Intraday Perspective: Downside pressure below 43.76)
Oil bounced back up over night, however holding below descending trendline resistance. Sellers may make a showing at 43.76 resistance and push price lower with 42.93 support being a level that buyers can consider.
Oil bounced back up over night, however holding below descending trendline resistance. Sellers may make a showing at 43.76 resistance and push price lower with 42.93 support being a level that buyers can consider.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.