Oil pushed to the upside amid calm trading until now, oil continues its attempts to remain above the key resistance level at 72.95, which might lead it upwards without the downside correction previously expected. We keep our morning expectations without the awaited downside correction, awaiting consolidation on 72.95, then head upwards towards the first target for today, at 74.90. It is vital that 70.50 remains intact to keep the expected upside direction for today.
The trading range for today is among the key support at 67.40 and the key resistance at 76.00.
The general trend is to the upside as far as 47.20 remains intact with targets at 85.00.