UK Oil is facing bearish pressure, potential for further drop
Price is facing bearish pressure from our first resistance, in line with our horizontal pullback resistance, 38.2% fibonacci retracement where we could see a further drop below this level to our first support target. Ichimoku cloud is showing signs of bearish pressure as well, in line with our bearish bias.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
Feragatname
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