vcm11

if 230p is held 300p target (if oil price holds)or 205p possible

Long
LSE:GKP   GULF KEYSTONE PETROLEUM LIMITED COM SHS USD1.00 (DI)
Bounced from 230p where 200ma daily is & 50ma weekly plus strong support here, if oil price remains stable or rises then we should head to next leg, if not then best to exit if we remain weak & lose 230p level as next support might be 205p so best not to hold or if longer game average down at 205p

Target remains 300p (if oil price remains strong) where last resistance plus weekly 200ma will head to.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.