US Oil is moving towards a line of 72.7510 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If US Oil continues in its current trajectory, we may see it move towards 72.7510 within the next 21 hours.
US Oil – approaching a price line that has been previously tested numerous times in the past
