UKOILSPOT potential trend reversal!
Price is currently experiencing pressure and consolidating between our resistance at 75.24 in line with 50% and at 74.67. With depicting a cross above the equilibrium, we foresee a potential trend reversal to our area of take profit at 73.93 in line with 127.2% and 61.8% . Stochastics are also indicating an overbought situation, supporting our bias.
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