UKOIL is bullish on the chart patterns now at 74, bullish up to 78 region. monthly trend line might be broken, there is need to watch out for the monthly down trem which can cause accummulation for several weeks before breakout. overall move remains to the upside.
however, oil is a highly sentimental instrument which can be moved by dynamics of the volatile global oil and gas and geopolitical distruptions. keep an eye on news and keep your stop loss. there is crude inventory news during the week.
however, oil is a highly sentimental instrument which can be moved by dynamics of the volatile global oil and gas and geopolitical distruptions. keep an eye on news and keep your stop loss. there is crude inventory news during the week.