US Oil is moving towards a resistance line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If US Oil continues in its current trajectory, we could see it reach 73.2153 within the next 5 hours.
US Oil – approaching a resistance line that has been previously tested at least twice in the past
