UKOIL

Brent crude oil prices are down to the bottom of a short-term rising channel. Will we see a bounce or a break right here? As you can see from the 4-hour chart below, the commodity price has formed higher lows and higher highs connected…

In case you missed it, OPEC and its major oil-producing friends started the week by announcing surprise production cut plans starting May. The cuts are expected to take out around 1.16 million barrels per day (bpd) worth of supply on top…

In case you missed it, Brent crude oil prices have been having a good second half of the month so far. And why not? Easing banking concerns have made it easier for oil bulls to price in demand recovery in China. It also didn’t hurt that…

Reversal alert! Brent crude oil has been cruising below a descending trend line since the middle of the month, but it looks like a breakout is brewing. The commodity price has formed higher lows over the past few days, suggesting that…

Watch out, oil bulls! I’m seeing signs of an uptrend reversal on the short-term time frame of Brent crude oil. Can the commodity price fall through its neckline soon? Brent Crude Oil (UKOIL) 1-hour Chart by TradingView Is that a…

Heads up, oil bulls! It looks like Brent crude oil is picking up on upside momentum once more. How high can it go? Brent Crude Oil (UKOIL) 4-hour Chart by TradingView Brent crude oil is still cruising inside its ascending channel…