
Uniglobe Markets
June 18, 2025 at 06:29 AM
*Oil Technical Overview*
Crude Oil (WTI) has held above its recent support and is stabilizing near 73.20. The broader trend remains bullish after the recent breakout, but RSI indicates a cooling momentum. A higher low formation may pave the way for further upside.
Support and Resistance Levels
Support: 72.20, 70.60
Resistance: 73.80, 74.45
Buy Scenario
A move above 73.80 backed by strong volume could invite buyers aiming for 74.45 and possibly higher.
Sell Scenario
If price falls below 72.20, expect a possible dip toward 70.60 as correction deepens.
