Oil Upward Trend read captionOil (CFDs) on a 4-hour timeframe. The current price is around 69.05, and it is moving within a defined range, with key resistance near70.00. The price recently dropped to 68.59 but is showing potential for an upward movement toward the70.00 target. Traders are likely watching for confirmation of upward momentum if the price holds above the support and breaks through resistance at $70.00.