United Oil & Gas Price: UOG Stays Under a Falling Move, Aiming for a Base Formation

PUBLISHED: Nov 18 2025 @ 01:18 | Comments (0) | More info about Azeez Mustapha

Persistent selling pressure kept United Oil & Gas Plc (LSE:UOG) trending beneath declining short-term averages, narrowing intraday rebounds and sustaining a controlled descent. Traders began observing price compression near a structural support zone, suggesting the market was preparing to establish a firmer base before any meaningful recovery attempt.

The stock continues to face sustained downward pressure, with prices consistently remaining below key moving averages. Intraday rallies are repeatedly capped, highlighting prevailing bearish sentiment. However, compression near critical support indicates consolidation, suggesting that market participants are gradually absorbing selling volume. This accumulation phase may pave the way for a more stable base formation and potential future rebound.

Resistance Levels: 0.16, 0.18, 0.2
Support Levels: 0.12, 0.1, 0.08

Can UOG Sustain Support While Remaining Below Key EMAs, Signaling Imminent Base Formation Potential?

UOG’s persistent positioning below key EMAs suggests continued bearish control, yet repeated defenses at support indicate accumulation. If these levels hold, the market may stabilize, allowing the formation of a solid base before any potential upward breakout.

Both the trend lines of the moving averages are closely bending southward, reflecting persistent downward pressure across short-term and medium-term intervals, as the 15-day EMA indicator is underneath the 50-day EMA indicator. The Stochastic Oscillators are tending a step further into the oversold region, signaling increasing bearish momentum and potential upcoming corrective rebounds.

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