UKOIL has shown clear rejection from the 83.06 solid resistance level. And with the global decline of OIL prices we believe that UKOIL too will continue for a UKOILsubstantial decline for the next 1-2 months.

Entry: 81.0-83.06
SL: 86.1
TP: 72.5
P/L ratio: 3X

Taking this opportunity requires holding for at least 3 weeks if not more, but with patience, the price should reach the target. If you decide to take this opportunity, always use risk management and don't risk more than 1% of your capital per position. Don't risk what you cannot afford to lose. If you like the idea, please like it and follow us for more ideas! Happy trading from the AIE family and have a great day!


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