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CFDs on Brent Crude Oil
Long

UKOIL Bounced Off Support, Potential to Rise!

By ICmarkets
Broker
UKOIL bounced off its support at 70.86 (100% Fibonacciu extenion, 61.8%, 50% & 23.6% Fibonacci retracement, horizontal overlap support) where it could potentially rise to its resistance at 75.50 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal swing high resistnace).
Stochastic (55, 5, 3) bounced off its support at 5.15% where a corresponding rise could occur.
Chart PatternsForexforexsignalsHarmonic PatternsOilTrend AnalysisUKCrude Oil Brent
ICmarkets
Broker
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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