UKOIL (Intraday Perspective: Upside pressure above 42.90)
Price drifted sideways and trading within a range. However, with price coming close to key support at 42.90, this could be a level where potential buyers may make a showing and add to their longs to push price higher towards resistance at 43.76. Failure to hold above 42.90 could see the pendulum swing towards next support at 42.27
Price drifted sideways and trading within a range. However, with price coming close to key support at 42.90, this could be a level where potential buyers may make a showing and add to their longs to push price higher towards resistance at 43.76. Failure to hold above 42.90 could see the pendulum swing towards next support at 42.27
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.