we have a descending triangle with the support broken and volume important. technically we would see 0.59p
In my opinion, the drop in oil price might be suspicious: Saudi cut in Oil Price for US to lead to War next year??
TA: we may see a buying pressure in the coming days
RXP still in the bear configuration. likely to revisit the area of 10p or even below in the extension
Risk. oil drillingThe question is everyone has to ask themselves is if the weakness in the oil price is extended in the future for a long period of time will or will not deter future partners in the farming out with FRR as the oil drilling and extraction may not be economically interesting any more.