UKOIL testing its resistance, potential to drop!
UKOIL is testing its resistance at 67.76 (61.8% Fibonacci retracement, horizontal overlap resistance), where it could potentially fall to its 1st support at 64.94 (61.8% Fibonacci extension, 61.8% Fibonacci retracement). If it breaks this level, it could potentially fall to its next support at 63.18 (76.4% Fibonacci retracement, multiple swing low support). We have also identified another resistance at 69.27 (100% Fibonacci extension, 78.4% Fibonacci retracement).
Stochastic (55, 5, 3) is approaching its resistance at 96.4% where a corresponding reaction may occur.
Stochastic (55, 5, 3) is approaching its resistance at 96.4% where a corresponding reaction may occur.
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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.