Oil prices rose during these moments of trading on Tuesday, due to news of monetary stimulus from China, the largest oil importer, and fears that tensions in the Middle East will affect regional supplies, while a major hurricane looms over the United States, the world's largest producer of crude oil.
Generally, the direction is uptrend
Uptrend Side: The price is currently in a correction phase toward 71.53. Following this, the price is expected to rise toward 73.80, as the 4-hour candle closed above the 71.53 level.
Downtrend Side: if the price of the closed 4H candle is below 71.53, it will move between this level and 69.51.
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