The 38.2% is close support/risk going into the new trading week. The 50%, 200 day MA and the 100 day MA between 150.757 and 151.599 are upside targets.
The 61.8% retracement at 1.0944 and a swing area between 1.0942 and 1.0949 will be a key bias defining level for next week's traders. Move below is more bearish.
Crude oil surges above key resistance levels, aiming for $74.43 target as momentum picks up. Traders closely watch support levels at $72.36 and $72.67 to sustain the upward trend.
