UKOIL approaching support, potential bounce!
UKOIL is approaching its support at 75.01 (61.8% Fibonacci retracement , 61.8% Fibonacci extension, horizontal overlap support) where it could potentially rise to its resistance at 78.14 (100% Fibonacci extension , horizontal overlap resistance).
Stochastic (89, 5, 3) is approaching its support at 2.8% where a corresponding bounce could occur.
Stochastic (89, 5, 3) is approaching its support at 2.8% where a corresponding bounce could occur.
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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