The price trends since 2008 looks like a re-accumulation. The last price collapse was possibly a spring. It was interesting that the test was the lows of December 2008.
I expect
UKOIL will find support in the next days. I don't expect a price re-test of $30.
In the long run, we can expect the prices above $100, when the price is ready to pass over the re-accumulation zone.
I expect
UKOIL will find support in the next days. I don't expect a price re-test of $30. In the long run, we can expect the prices above $100, when the price is ready to pass over the re-accumulation zone.
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