On June 26, analysts at Economies have the latest opinion today: WTI crude oil prices reached the first extended down target of 67.60, rebounded and rose, broke through and stabilized above 68.75, implying an attempt to resume the rise in the coming period, But we noticed that the price started to fall today, negatively affected by technical indicators, and faced with contradictory technical factors, which makes us more inclined to stay on the sidelines until the next trend has a clearer signal.
Note that a continuation of the decline and a break above 68.75 would reactivate the decline with the next major target at 66.00, while a break above 69.90 would push the price towards additional gains to 71.55.
Today’s expected trading range is between 67.00 support and 71.00 resistance.
