Brent UKOIL could drive up the price of all energy sources

  • Jun 02 2021
  • by
  • Analyst AZA
Brent UKOIL could drive up the price of all energy sources

Brent UKOIL could drive up the price of all energy sources

Brent crude oil could dramatically raise the price of all other energy sources. The oil price is in an upward trend, which is beyond doubt. At the moment, the price is near the strong resistance level of 71.30 and in case of its breakdown, it may rush to the level of 73.00, and then to the level of 75.00, if the market is not influenced by any news. If we consider the chart from the point of view of technical analysis, then the price is in a growing triangle, and this is a trend continuation pattern.

Symbol: UKOIL
Order Type: Pending Order - Buy Stop
Entry Price: 71.40
Take Profit: 73.00
Pips Earning: 160

img
The profit can be $160.00 if the trading volume of 100 FUT.

Promotions

Trading Analytics

Be one step ahead of the market

imgaza youtube

Profitable trading recommendations, forex analytics for beginners traders

Subscribe our channel

top authors

Technical analyst

Tim Brykov
Technical analyst

Fundamental analyst

Stan Zabar
Fundamental analyst

Head of Analysis Department

Michael Wallenberg
Head of Analysis Department

Economic Observer

Alan Dofine
Economic Observer

Call US Feedback
en de nl fr pt es it uk zh ko ja ar tr hi yi ru