• 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. Trading CFDs on margin carries high risk. […]