Union Jack Oil Price: UJO crashes further

Azeez Mustafa

September 24, 2021 22:34 |

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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.

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Union Jack Oil Price: UJO crashes further

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