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July 14th, Economies analysts’ latest views today: WTI crude oil prices broke through and closed above 76.10, which supports the expected bullish trend in the future, waiting to visit 78.25, followed by 78.90 as the next target.
EMA50 continues to support the suggested rise, and the price may undergo a short-term consolidation under the negative influence of stochastics, waiting to gather enough positive momentum to push the price to achieve the suggested target.
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On the other hand, we should note that a break above 76.10 will stop the price from the expected rise and push the price down.
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Today’s expected trading range is between 76.00 support and 78.90 resistance.
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