CFDs on Brent Crude Oil
Short

DeGRAM | UKOIL descending channel

586
UKOIL is trading in the descending channel. The market is making shallow pullbacks and sharp bearish moves. 

The price tested the psychological and resistance level of $83.00, then dropped.

The market formed a tweezer top pattern.

We anticipate a bearish continuation trade.


-------------------

Share your opinion in the comments and support the idea with a like. Thanks for your support!

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.