
Uniglobe Markets
June 19, 2025 at 07:02 AM
*OIL Technical Overview*
Crude Oil (WTI) continues to hold its bullish posture, consolidating around the 73.60–74.00 range after a steep upward leg. Price is respecting short-term moving averages, and RSI is mid-range, suggesting room for both sides.
Support and Resistance Levels
Support: 72.50, 71.00
Resistance: 74.40, 75.20
Buy Scenario
Sustained breakout above 74.40 could drive continuation toward 75.20.
Sell Scenario
Break below 72.50 may open downside toward 71.00 in the near term.
