UKOIL approaching resistance, potential for a drop!
Price tested and rejected at 78.6% Fibonacci retracement as well as 127.2% Fibonacci extension. A short term push down of 1st resistance at 45.40 towards 1st support at 44.69 is possible. Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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