A point to watch Oil (UKOIL) with a further possible outlook
Oil is at a significant support level, with a breakdown, I think we should watch 30 to 20ish area.
By reversal up, i think the price of about 80 à barrel should be closely watched.
Also relate to: forbes.com/sites/energysource/2015/01/16/when-will-the-price-of-oil-hit-bottom-the-market-is-looking-at-the-wrong-number/
I will post more of my view on Oil on lower time charts in the comments.
By reversal up, i think the price of about 80 à barrel should be closely watched.
Also relate to: forbes.com/sites/energysource/2015/01/16/when-will-the-price-of-oil-hit-bottom-the-market-is-looking-at-the-wrong-number/
I will post more of my view on Oil on lower time charts in the comments.
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