Oil prices gained on Wednesday, with Brent rising for a fifth consecutive session as sentiment rose on the back of falling inventories and a recovery in demand after the pandemic.
The market is bullish. The up trend line keeps trade poised for follow through rallies and close over 72.30 could add pressing moves over 74.00. Any corrective dips should hold 70.80 to maintain strong bull trending action. Only a close under 70.10 signals a reversing turnaround.