UKOIl is approaching resistance, potential reversal!
UKOIL is approaching its resistance at 75.86 (L T 100% Fibonacci extension, 100% & 61.8% Fibonacci extension, ascending channel) where a reaction could occur, causing price to fall to its support at 71.28 (50% Fibonacci retracement, 100% Fibonacci extension, horizontal overlap support). We have also identified another resistance at 77.56 (100% Fibonacci extension).
Stochastic (89, 5, 3) is testing its resistance at 98% where a corresponding reaction could occur.
Stochastic (89, 5, 3) is testing its resistance at 98% where a corresponding reaction could 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.