UKOIL bounced from support, potential upside to rise!

٦ مايو ٢٠٢١

Price pushed higher overnight and is approaching daily swing high on 5th May. With the moving average indicator showing support on the current entry level, we expect a medium probability bullish scenario where price could possibly push higher towards 69.73. Failure to hold above 68.34 support could see price swing the other way towards next support at 67.80.