UKOIL MEDIUM TERM ANALYSIS

٧ يوليو ٢٠١٦

UKOIL looks like its gonna continue bearish correction after it broke out of the channel.

٢٨ يوليو ٢٠١٦

ملاحظة

Be careful with short trades around 42, we might see some correction before going down for more.

٧ أغسطس ٢٠١٦

ملاحظة

We saw a strong rejection from around 42 as expected and made an update on what i see now on daily.

١٤ أغسطس ٢٠١٦

ملاحظة

Seeing how strong this last days move up was makes me think the correction might be over and we gonna start a big impulsive wave up.I will need a pretty good rejection now and price to come back fast below 46 to think otherwise.