UKOIL MEDIUM TERM ANALYSIS

7 Tem 2016

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

28 Tem 2016

Not

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

7 Ağu 2016

Not

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

14 Ağu 2016

Not

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.