UKOIL may come down still

📊 Analyzing **UKOIL (Brent Crude Oil)** across multiple timeframes:
**22-day time frame**, **Weekly time frame**, **Daily time frame**, and **4-hour time frame**.

📉 UKOIL has risen to $75, but a pullback is expected, presenting a better entry opportunity around $72.
This zone aligns with key support, making it an ideal level to consider a position.

🔒 Stop Loss can be placed below the support zone for risk management.

🔍 We are using trend analysis and support/resistance levels to identify this setup.

Pine Script®

1. **Bullish View:** Entering near $72 could provide a better risk-reward ratio.
   
2. **Bearish View:** A break below $72 could lead to further downside pressure.
   

🌟 A strong formation is developing! Watch for confirmation before entering. 📉🔥

⚠️ **Note:** If UKOIL fails to hold $72, we may see further declines. Wait for a proper setup! ⚠️

🔔 **Be sure to follow the updated ideas for real-time insights!** 🔔

⏰ **Analysis Time:** Brent Crude Oil (UKOIL) across multiple timeframes.

⚖️ **Do not forget to set a Stop Loss** for risk management! Protect your capital! 🔒

💡 **Follow your trading plan; this is just my analysis. I’d love to see your thoughts in the comments!**

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