UKOIL (Intraday Perspective: Upside pressure above 45.08)
Price broke out of the ascending channel to the upside and is currently back to test the channel breakout support. With price holding above moving average, there is a medium probability bullish bounce above support at 45.11 to see buyers push price towards resistance at 46.22. Resistance at 46.22 can also be a level for sellers to consider.
Price broke out of the ascending channel to the upside and is currently back to test the channel breakout support. With price holding above moving average, there is a medium probability bullish bounce above support at 45.11 to see buyers push price towards resistance at 46.22. Resistance at 46.22 can also be a level for sellers to consider.
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