Market Analysis of Crude Oil on Wednesday 18 June 2025

Crude Oil (WTI)‎ (Q5)‎ Intraday: look for 75.50.

Pivot:

72.00

Our preference:

Long positions above 72.00 with targets at 75.50 & 76.45 in extension.

Alternative scenario:

Below 72.00 look for further downside with 70.95 & 69.60 as targets.

Comment:

The RSI shows upside momentum.