UKOIL approaching resistance, potential for a drop!
Price is facing bearish pressure from our first resistance of 78.6% Fibonacci retracement , as well as 161.8% Fibonacci extension . A short term push down of 1st resistance at 45.15 towards 1st support at 44.66 is possible. Stochastic is facing bearish pressure as well.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Trading CFDs on margin carries high risk.
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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