UKOIL is priced at $90.53, showing a marginal decrease of 0.02%. The pivot point at $89.47 serves as a crucial threshold; prices above this indicate a bullish outlook. Resistance levels are set at $91.90, $92.89, and $93.93, with support at $87.89, $86.37, and $85.18.
The 50-day Exponential Moving Average (EMA) is $88.88, suggesting near-term support, while the 200-day EMA at $85.55 reflects a stable long-term uptrend.
The technical posture is positive above the pivot point of $89.47, yet a fall below this could precipitate a significant bearish shift.
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