Technical analysis: WTI crude oil prices await confirmation signal

June 27th, Economies analysts’ latest opinion today: WTI crude oil prices have not shown any strong dynamics since yesterday, fluctuating in the range between the 68.75 support level and the 69.90 resistance level, therefore, our neutral position will be Stay in effect and wait for a breakout of one of these levels to clarify the next target.

We remind you that a break of support will reactivate the downtrend with a target at 66.00, followed by 64.20 as the main decline, while a break of resistance will lead to a recovery and an initial test of 71.55.

Today’s expected trading range is between 67.40 support and 71.00 resistance.