**Yearly Chart**
UKOil (Brent) last year's candle closed in a big range between 70 and 95 levels. While the intermediate trend suggests continuing the long-directional bias.
**Monthly Chart**
After retracing from an all-time high at around 125 level in 2022. The price retraced back to balance the move at 50% of the swing high and then remains in a range from March 2023. As far as the price does not break the swing low at around 70 (key level), I am expecting the bullish momentum to continue this year.
**Weekly Chart**
Last week candle closed as a doji candle which is an indication of indecision in the market. I would like to see the price retrace slightly lower, provides a reversal, and then move higher in the coming weeks.
**Daily Chart**
I would like to see the price tape into the demand zone and provide a confirmation to go higher.
UKOil (Brent) last year's candle closed in a big range between 70 and 95 levels. While the intermediate trend suggests continuing the long-directional bias.
**Monthly Chart**
After retracing from an all-time high at around 125 level in 2022. The price retraced back to balance the move at 50% of the swing high and then remains in a range from March 2023. As far as the price does not break the swing low at around 70 (key level), I am expecting the bullish momentum to continue this year.
**Weekly Chart**
Last week candle closed as a doji candle which is an indication of indecision in the market. I would like to see the price retrace slightly lower, provides a reversal, and then move higher in the coming weeks.
**Daily Chart**
I would like to see the price tape into the demand zone and provide a confirmation to go higher.
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