UKOIL at decision point

TVC:UKOIL   CFDs on Brent Crude Oil
64.3 has been supportive, now is resistivity. The commodity had difficulty breaking thru on Friday possibly because of the threat to British shipping after British marines captured the Iranian tanker in Spanish waters .

Regardless Brent is now just over that level and at a decision point. A move up could see it reaching $70 rapidly. A failure here could see a move back down to the triangle, and then another push up.


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