Technical analysis: WTI crude oil prices are recovering

On June 29, analysts at Economies have the latest opinion today: WTI crude oil prices broke through and closed above 68.75, moving towards building a wave of bulls. The target started at 70.00 and extended to 71.55 after surpassing the previous level.

Therefore, bullishness will be suggested in the next few sessions, the price needs to break above 69.45 in order to achieve the desired target more easily, it is worth noting that the price above 68.75 will stop the expected increase and push the price to fall again.

Today’s expected trading range is between 68.00 support and 71.00 resistance.