UKOIl is approaching resistance, potential reversal!
UKOIL is approaching its resistance at 75.86 (L T 100% Fibonacci extension, 100% & 61.8% Fibonacci extension, ascending channel) where a reaction could occur, causing price to fall to its support at 71.28 (50% Fibonacci retracement, 100% Fibonacci extension, horizontal overlap support). We have also identified another resistance at 77.56 (100% Fibonacci extension).
Stochastic (89, 5, 3) is testing its resistance at 98% where a corresponding reaction could occur.
Stochastic (89, 5, 3) is testing its resistance at 98% where a corresponding reaction could occur.
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