UKOIL shows a minor decline of 0.41%, with the price at $84.94. The pivot point, situated at $85.51, demarcates potential shifts in market sentiment. Resistance levels are identified at $86.46, $87.29, and $88.40, suggesting areas where upward momentum may face hurdles.
Conversely, support is found at $84.56, with further levels at $83.79 and $82.99, potentially halting declines. The 50-day and 200-day Exponential Moving Averages (EMAs), at $85.45 and $83.51 respectively, hint at a mixed outlook.
The overall market position for UKOIL is currently bearish below $85.51, with a crossover above this threshold possibly signaling a shift towards a more bullish orientation.
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