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US crude oil futures prices succeeded in achieving the target of retesting the required support during the last analysis, located at 72.90, recording the lowest price of 72.60.
Technically, crude oil prices found a good support level around 72.80, to start the bullish rebound accompanied by obtaining bullish momentum from the RSI over the short time frames.
Therefore, the bullish bias is the most preferred today, targeting 74.00/74.15 a first target, knowing that breaching the mentioned level enhances the chances of rising to visit 74.65.
To remind you that breaking 72.80 negates the activation of buying positions and puts the price under negative pressure, with its initial target of 72.00.
Note: the risk level may be high today.
| S1: 72.80 | R1:74.15 |
| S2: 72.05 | R2: 75.65 |
| S3: 71.45 | R3: 75.45 |
