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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.