Oil Prices on the Rise, Facing Resistance at 78 and 200MA

Oil prices are on the rise, but they are currently being held back by resistance at the 78 level and the 200-day moving average (200MA). On the other hand, support is expected at the 72 level, followed by the 70 level if prices go down. The rise in oil prices is being attributed to geopolitical tensions.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
84	81	78	72	70	68