WTI (US) Oil Analsis Update -
Price continues it's rally today after a rebound at 71.0 Price Support level on friday. The week opened with a huge gap today because of renewed escalation between the U.S and Iran over the weekend.
This geopolitical developments occured while the futures market was closed over the weekend, causing traders to reprice Oil as soon as trading resumed, thus causing the huge gap.
USOIL gained 8.7% today.