CFDs on Brent Crude Oil
Short

DeGRAM | UKOIL confluence zone

532
UKOIL broke through the support level and dropped below 80.000.

The price pulled back to resistance against the bearish trend.

The oil market could retest the resistance and fibo cluster before dropping again.

We anticipate a bearish continuation trade if the market rejects the resistance level.



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

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.