SINGAPORE: US oil may gain more into a range of $73.96 to $75.03 per barrel, as it has managed to break above a resistance at $73.17.

The break confirmed an extension of an upward wave C towards $75.03. Another projection analysis on a small wave (c) from $69.67 reveals a similar target of $75.25.

A correction from the current level may be limited to $72.46.

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