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Oil edges up, targeting $72.35

Oil railed today as it  moved above the SMA 9, but it await some positive momentum to resumtion its bullish trend on the short term.If the price gain more momenteum, it could rises toward $72.35 then $72.60 per barrel. Conversely, if the price drops, it may reach toward $71.30 then $70.10 per barrel.

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