#UKOIL (Intraday perspective: Upside potential above 75.17)
Price holding within ascending channel and coming close to channel support. As long as price is holding above 75.17 support, we see a slight bullish pressure that could possibly push price higher towards recent swing high resistance at 76.00. Otherwise, failure to hold above 75.17, will see price break out of channel to the downside and drop towards next support at 74.30.
