Daily Analysis: UKOIL ( Sep 13 2022 )
50-Daily Moving Average (DMA) crossed the 200 DMA for the downside, but the momentum for black metal is today neutral. The bearish trend line is located around 99.00 level which is really powerful resistance. On the downside, we follow 92.50/60 region as the first support level.
The expected trading range for today is between 92.50 support and 96.90 resistance.
- Support: 92.50/60 – 91.20 – 90.30
- Resistance: 95.15 – 96.90 – 98.80/99.00