DeGRAM | UKOIL bearish pressure

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UKOIL has been making lower highs and equal lows, indicating bearish pressure.

Price is testing the resistance at 76.00, the fibo, and the channel's upper border, which is a dynamic resistance.

The market is making a pullback on the larger scale of the bearish trend.

We anticipate a pullback. The market has dropped from this level before.


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