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Gulf Keystone Petroleum Price: GKP Dumps Lower to 130

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The Gulf Keystone Petroleum Ltd price (LSE:THG) dumps lower from around a higher resistance of 160 to find support toward the zone of 130. Presently, the stock market valuation has revisited its previous lowly point to allow other rounds of rebounds, weightier than the former envisaged earlier. It is a greater chance for shareholders to increase their sizes of portfolios. Therefore, sellers should put their hands off until another phase of price rejections forms afterward over the resistance of 180.

Resistance Levels: 160, 170, 180
Support Levels: 130, 120, 110

What resistance trading zones are indicated by the GKP Ltd price EMA indicators?
The GKP Ltd share price will face critical resistances between 160 and 180 that have been around the trend lines of the EMAs. Underneath the 50-day EMA indicator is the 15-day EMA indicator. To reach the oversold area, the Stochastic Oscillators have drifted southward. A candlestick thickening from support near 130 establishes a strong baseline for successively observing sustained gains.

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