Daily 4XSetUps - 200 SMA Not Even $1 Below In UKOIL

2025/01/22
Daily 4XSetUps - 200 SMA Not Even $1 Below In UKOIL
“in october 2024, the 200 sma served as a resistance zone!
how many days will the price action stay above the 200 SMA?”



$92.14 : 2024/04/12 - Annual High 2024
$87.92 : 2024/07/05 - 1st Highest High After AH 2024
$82.35 : 2024/08/12 - 2nd Highest High After AH 2024
$81.12 : 2024/10/07 - Bullish Intraday High +3.89%
$80.43 : 2025/01/12 - This Weekend Opening
$79.95 : 2025/01/10 - Last Weekend Closing
$78.94 : 2025/01/22 - last price action
$76.41 : 2024/10/08 - Bearish Low Of -4.51%
$76.08 : 2024/11/05 - November 2024 High
$74.85 : 2024/12/31 - December 2024 High
$70.89 : 2024/12/06 - December 2024 Low
$70.74 : 2024/11/18 - November 2024 Low
Things are looking bad for us bulls when it comes to this long UKOIL 4XSetUp. Because the bears have already taught us a lesson for the 5th time in a row today on the terrain of the last price actions! Was the breaking out of the downtrend a failed attempt? I don't know! But things aren't looking good at the moment - I don't want to tell you anything that I can't keep.

“beneficial change begins when you can acknowledge and even embrace your weaknesses.”
Ray Dalio

$92.14 : 2024/04/12 - Annual High 2024
$87.92 : 2024/07/05 - 1st Highest High After AH 2024
$82.35 : 2024/08/12 - 2nd Highest High After AH 2024
$81.12 : 2024/10/07 - Bullish Intraday High +3.89%
$78.94 : 2025/01/22 - last price action
$78.54 : 2024/01/22 - 200 SMA hl/2
$76.41 : 2024/10/08 - Bearish Low Of -4.51%
To underline the importance of the downward trend, I have also added the 200 SMA trend following indicator today - which is a good instrument to get a good feel for the current price action in the long term. And what do we see there? The 200 SMA hl/2 is not even $1 below the current price action in today's UKOIL ! Hence; don't lose your nerve and wait - and/or let run this UKOIL 4XSetUp.

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$88.00 : 2025/06/30 - Target Price
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$78.94 : 2025/01/22 - last price action
$76.19 : 2025/01/06 - Entry Price
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$70.00 : 2025/06/30 - Stop Price
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Have a good time
- regardless of the price action!
Aaron



“daily 4XSetUps - …” is pure information material!
By trying to give you even more information about some trading capabilities to trade and/or invest in some securities. This post is not a call to action - it only provides information. You decide (not) to decide. Even if I am writing daily 4XSetUps with concrete entry prices, target prices and/or also stop prices! It is like it is - like I said; You decide to respond to the analysis I just formulated to buy, to sell, or to do nothing! More information about my approaches to investing in something specific or just trading it, or even just describing it, can be found in the daily "Another 48h - DXY ...! Analysis Post. Where I try to track the price action in DXY every day so that we learn something new daily.