Technical analysis: WTI crude oil prices resume gains

On June 30, the latest views of analysts at Economies today: WTI crude oil prices successfully reached our first target of 70.00, and resumed their rise after falling in the previous trading days, suggesting that the upward trend will continue. A major target is at 71.55.

So the bullish trend scenario is still valid and active, supported by the EMA50 which is taking the price from below, reminding you that staying above 68.75 is very important to achieve the desired target as a break of this level will push the price to turn down and Test 67.60.

The expected trading range for crude oil prices today is between 68.50 support and 71.70 resistance.