#UKOIL (Intraday Perspective: Downside pressure below 40.36)
Priceas expected, traded lower and is still holding below moving average. As long as price is holding below 40.36 resistance, it is still possible to see a medium probability bearish scenario where sellers can come in and push price towards 39.33 support. 39.33 support is a possible platform for buyers to consider as well.
Priceas expected, traded lower and is still holding below moving average. As long as price is holding below 40.36 resistance, it is still possible to see a medium probability bearish scenario where sellers can come in and push price towards 39.33 support. 39.33 support is a possible platform for buyers to consider as well.
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