Oil is Making Good Gains

US crude oil futures prices managed to compensate for part of their previous losses supported by several factors fundamentally and managed to breach the strong resistance level posted in the last technical analysis at 67.40.

Technically, the simple moving averages returned to hold the price and provide a positive stimulus, in conjunction with the 14-day momentum indicator receiving positive signs.

From here, trading steadily above the previously breached resistance level, which turned it to the 68.25 support level, and most importantly 67.40, we tend to ​​retest the 70.80, Fibo of 61.80% to visit 71.30.

Note: The level of risk is high

S1: 68.25	R1: 71.30
S2: 66.25	R2: 72.30
S3: 65.20	R3: 74.30