By Yee Kai Pin
Sept. 30 (Bloomberg) -- Crude oil has a greater chance of rising above $70 a barrel the longer it stays in the sideways pattern that has characterized trading in the past two months, according to National Australia Bank Ltd. Oil has been locked in a band of $65 to $75 a barrel since the start of August as traders weighed optimism over the prospects for a recovery in global demand against a supply glut. As the market has held its floor, prices will soon rise, said Gordon Manning, a Sydney-based analyst, citing technical charts.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a9ZZ9dmvreN8
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