UKOIL at very important level.
Brent Crude at a very crucial juncture. If crossed the monthly trend line by end of September 2021 decisively, the next bull run will start with a target to the previous high. It will face resistance at blue zone crossing which will be unstoppable. But this will be the last bull run of Crude. It will crash down to an all-time low and by (or before) 2030.
It is also near 50% FIB level which can act as a resistance.
It is also near 50% FIB level which can act as a resistance.
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.