83.70 Support at UKOIL Draws Attention



While the commodity, which is in the uptrend channel, continues to preserve the gains it realized at the opening of the week due to the supply cuts, the 83.70 support is important for us. As long as we stay on this region, Ukoil will continue its upward trend, and climbs up to 86.30 can be exhibited. On the other hand, if the 83.70 level fails to prevent the declines in possible pressures, it may be possible to target the 82.10 – 81.75 support range.