So we are back to green, economic data's green again..hopes for recovery and avoiding a double dip recession from this picture. Today's jobless claim's will give further direction or take oil back to the hole. 76.10 is a strong support to watch for today.
On a bull run can expect oil to increase by a dollar upto 77.10 and further more during the day. Mean while short term targets should be 76.58 and 76.83. On the flip side below 76.10 can take it down to 75.50. Further you could refer my blog from yesterday here.
Rushing back to trade...
Till then..tc.
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