DeGRAM | UKOIL pullback trade

UKOIL is in the bearish trend. It's trading in the descending channel.

Price dropped below the significant level at 80.00 , which creates a confluence zone to short the market.

We anticipate a trend-continuation trade from the resistance and 50% fibo retracement.


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Chart PatternsSupport and ResistanceTrend Analysisukoilanalysisukoilsignal

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