WTI Crude Oil Prices Sideways

May 11th, Economies.com analysts’ latest views today: WTI crude oil prices fluctuate between 71.55 and 73.80 levels, noting that the stochastic indicator is now overlapping positively, forming a positive momentum, waiting for the price to break through 73.80 and rebound to 76.10 new earnings. Therefore, we will continue to recommend bullish. Support is currently provided above EMA50. It should be noted that if the price falls below 71.55, it will stop the expected rise and push the price to fall. Today’s trading range is expected to be between 72.00-75.00.