UKOIL MEDIUM TERM ANALYSIS
Updated
UKOIL looks like its gonna continue bearish correction after it broke out of the channel.
Note
Be careful with short trades around 42, we might see some correction before going down for more.Note
We saw a strong rejection from around 42 as expected and made an update on what i see now on daily. Note
Seeing how strong this last days move up was makes me think the correction might be over and we gonna start a big impulsive wave up.I will need a pretty good rejection now and price to come back fast below 46 to think otherwise. 
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