Gulf Keystone Petroleum Price: GKP Values to Stay Above 160

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A close technical trade point of view has had it that the Gulf Keystone Petroleum Ltd price (LSE:GKP) values will stay above the 160 support line following the ability to spring back upward from the value line in about four days running. Based on that feeling, long-position placers could wish for orders at particular levels to catch on back from the lower-trading points from a noticeable downward trend. Yet there has been an increase at a psychological level of about 183.6223.

Resistance Levels: 200, 210, 220
Support Levels: 160, 150, 140

How are the GKP prices currently positioned with the EMA indicators?
The present trading positions of the Gulf Keystone Petroleum Ltd price toward the EMA trend lines have been slow and steadily uprising toward the smaller indicator. The 15-day EMA indicator is at 183.6223, underneath the 194.4040 of the 50-day EMA indicator. The Stochastic Oscillators have crossed northbound from the oversold region to the level of 20. Shareholders are to start holding stances on a long-run basis.

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