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Union Jack Oil

Oil markets continue recovering

Crude oil markets had dipped on Thursday but have recovered slightly during the day as we continue to try to recover from the big break down previously.

Brent markets have also rallied in the same way that the WTI market has. Ultimately, we are testing the 50 day EMA for resistance, but could break above there to go looking towards the 200 day EMA. 

Union Jack Oil plc (LON:UJO) is an onshore oil and gas exploration company with a focus on drilling, development and investment opportunities in the United Kingdom hydrocarbon sector.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.