UKOIL is currently priced at $90.45, reflecting a slight decrease of 0.19%. The market is observing the pivot point at $90.78 closely, with resistance levels identified at $91.90, $92.89, and $94.17. These thresholds will challenge any upward momentum.
On the downside, support is found at $89.15, $87.89, and $86.37, providing potential stabilization points. Technical analysis shows the 50-day EMA at $89.36 and the 200-day EMA at $86.10, indicating a bearish trend below $90.78.
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