With OPEC agreed for a cut in production, the resultant effect on price has been bullish
. In a couple of days, Brent oil
likely to touch 56 level which could cause a pullback in price of oil
towards 45 circa. Any price rejection for UKOIL
from 45 level would likely lead to another rally to 68/70 mark in coming weeks.
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades