September 24, 2021 22:34 |
Union Jack Oil Plc Strain (LSE: UJO) Currently, there is a maniac downward trend. Nranging movements were seen in April and May 2012, but when the bearish movement began, it ended in the month following June.
There were desperate bullish attempts in June and July, but further northward movements were rejected at uncontrollable supply levels around 35.00.
Prices are currently below EMA21 and Williams’ percentage range period 10 is currently sloping downwards, confirming the market downturn.
Even the taunt of William’s percentage range of 10 into the overbought territory means another “sell” signal. This year’s UJO bias is bearish and demand levels at 23.00, 22.00 and 21.00 are simple targets.
Teach yourself technical analysis: Technical analysis
Please click here Register for free ONADVFN, the world’s leading equity and equity information website, provides retail investors with all the latest high-tech trading tools, live price data streaming, stock quotes, and all the major “level 2” data in the world. Has the option to access. Exchanges (LSE, NYSE, NASDAQ, Euronext, etc.).
This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common career platform and do not represent the opinion of ADVFNPlc. ADVFN Plc does not monitor, approve, approve, or edit these articles. Therefore, we are not responsible, warranted, or endorsed by your or any third party’s reliance on such information. The information available on ADVFN.com is for general information and use only, not for specific requirements. In particular, this information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be trusted by users when making (or refraining from) making investment decisions. The authors may or may not have a stock position they are discussing, but their opinion is in line with their deal and the company they are discussing, It should be considered very likely that you have a position in Forex, Commodity and other commodities.
Union Jack Oil Price: UJO crashes further
Source link Union Jack Oil Price: UJO crashes further