Technical Analysis: Stochastic for WTI Crude Oil Provides Bearish Signal for July 19

July 19th, Economies analysts’ latest opinion today: WTI crude oil prices began to fall after approaching 76.10, and received a bearish signal from the stochastic indicator, suggesting that the decline may continue in the future, with the main target at 73.80.

Therefore, we expect the price to decline today and a break below 75.40 would confirm the expected decline.

Need to take into account that a break of 76.10 would stop the expected decline and cause the price to turn higher towards 78.00 and then 78.90.

Today’s trading range is expected between 73.80 support and 76.70 resistance.