UKOIL continues to rise




Growth rate released in the US yesterday led to responses and UKOIL recovered its losses within the day. The commodity opened the last day of the week positively and continues its stance above the 200-period weighted moving average. Technically, the black gold will continue its bullish moves above 82.45 indicated by the WMA. Hence, 85.00 and 86.30 will be on our radar. Below 200 WMA, on the other side, 81.15 and 80.00 supports will be followed.