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Oil is Looking For Extra Momentum

US crude oil futures prices succeeded in achieving the second official target required to be touched at a price of 65.70, a few points closer to the official target station of 66.40, recording a high of 66.21.

Technically, trading remains above the psychological barrier of 65.00 support, and we find the RSI indicator still providing positive signs.

Therefore, the bullish bias is likely today, targeting 66.45 a first target, and its breach is a catalyst that facilitates the task required to visit 67.00.

Only from below, a break of 65.00 will force oil to retest 64.60, and then 63.60 50.0% retracement.

Note: The level of risk may be high today.

S1: 64.80                R1: 66.45   
S2: 63.80    R2: 67.20   
S3: 63.15   R3: 68.15    

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