Brent Crude Oil - Daily Chart

This is a technical analysis on UKOIL on daily time frame with log scale on.
Everything is explained on the chart itself.

A strong continuation of the uptrend is expected, given the news that EU has proposed banning Russian oil imports this year.

Disclaimer: This is not an investment or financial advice. I'm just sharing an idea for educational purposes.

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This trade is still on!

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I ment rising wedge of course in the snapshot above :)

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Let's take a look at WTI Crude Oil

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Oil failed to defeat the resistance around 114-115 and will probably go down.

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Let's look at WTI

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Here we go again for another attempt to break above 15!

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4 hour chart updade