Oil is now in a correction phase after having been descending, as noted on the left side of the chart. The price may move between 73.72 and 70.12 and a break of either side may lead to bull run or a bearish continuation.
For the immediate bullish rise, if price continues to be above 70.12, and passes 71.6 simultaneously settling above, the commodity may try to touch 73.000 zone
For the immediate bullish rise, if price continues to be above 70.12, and passes 71.6 simultaneously settling above, the commodity may try to touch 73.000 zone
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