Oil is moving in a sideways direction, expected to drop from the resistance area at 72.14 levels, to target the support area at 65.54 levels, from which it is expected to form the bottom of the week.
But in the event of the four-hour candle closing above 73.98, we expect the rise to continue, targeting the second resistance area at 79.08 levels, from which it is expected to form the top of the week.
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