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UKOIL approaching resistance, potential for a drop!

Oleh Tickmill
Broker
Price is facing bearish pressure from our first resistance of 78.6% Fibonacci retracement , as well as 161.8% Fibonacci extension . A short term push down of 1st resistance at 45.15 towards 1st support at 44.66 is possible. Stochastic is facing bearish pressure as well.
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Chart PatternsHarmonic PatternsTrend Analysis
Tickmill
Broker
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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