Crude Oil Headed Towards $70 p/b

The price of crude consolidated above $68.00 following yesterday's OPEC conference, which underpinned growing demand driven by robust global recovery.

The price is currently trading at its highest level in over a year (since before the coronavirus crash), which could cause volatile fluctuations nears this historic resistance.

Traders looking to join the rally need to utilise trend continuation strategies under the Wyckoff Cycle method.