Crude Oil Continues to Attack The Resistance

US crude oil continues to rise to start attacking the pivotal resistance level published during the previous analysis, at 69.25, it represents one of the official trend keys.

Technically, we find that the RSI provides positive signs that support the possibility of continuing the rise, in addition to the stability of trading above the psychological support level of 68.00.

Although we prefer the positivity, we await confirmation of the breach of 69.25 Fibonacci corrections, and that is a catalyst that confirms the rise to visit 69.70 and 70.35 respectively, taking into account that the breach of the latter extends the gains to the official target of 71.00, 61.80% correction. Breaking 68.00 will postpone the chances of rising, and we may witness a retest of 67.50 and 67.00 before attempts to rise again.

S1: 68.00	R1: 69.70
S2: 67.00	R2: 70.35
S3: 66.35	R3: 70.20