Technical analysis: WTI crude oil prices rose steadily on July 3

On July 3, analysts at Economies have the latest opinion today: WTI crude oil prices are rising steadily, fluctuating around 70.50, the bullish trend is still valid and continuing, and the next target is 71.55.

EMA50 supports the price from below, which strengthens the momentum to continue to rise. It is worth noting that if the price needs to stay above 68.75, breaking through 71.55 will push the price to achieve a further rise to 73.80.

Today’s expected trading range is between 69.30 support and 72.30 resistance.