SUPPLY DEMAND

76
UKOIL (Intraday Perspective: Upside pressure above 42.90)

Price drifted sideways and trading within a range. However, with price coming close to key support at 42.90, this could be a level where potential buyers may make a showing and add to their longs to push price higher towards resistance at 43.76. Failure to hold above 42.90 could see the pendulum swing towards next support at 42.27

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