UKOil Bullish

**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.