Technical analysis: WTI crude oil price broke through the first target price on July 6

July 6th, Economies analysts’ latest opinion today: WTI crude oil prices broke through and closed above the first target of 71.55, which strengthened the expectation of continued bullishness, and the next target is 73.80.

Therefore, with the support of EMA50, expect the price to rise further in the future and wait for the accumulated upward momentum to push the price to achieve a new target.

It should be noted that a break below 71.55 would stop the expected rise and push the price back down.

Today’s expected trading range is between 71.50 support and 73.80 resistance.