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.