UKOIL is on bullish momentum! | 1 Oct 2021

Price is consolidating in an ascending channel . We foresee a potential bounce from our target entry at 77.41 in line with 38.2% Fibonacci retracement and graphical swing high. Price have the potential to climb towards our area of take profit at 80.00 in line with parallel channel , and close to our 127.2% Fibonacci retracement . Technical indicators are showing room for bullish momentum. Alternatively, our stop loss is placed at 76.06 in line with 23.6% and 50% Fibonacci retracement .


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