Technical analysis of WTI oil futures with key levels
Pivot 69.30
Our preference: Shorts below 69.30 with targets at 68.10 and 67.35 in extension.
Alternative scenario: Above 69.30 look for further upside with 70.05 and 70.90 as targets.
Comment: Break below support at 69.30 triggered downside acceleration to 67.35.
Support and resistance: 70.90 70.05 69.30 68.54 Last 68.10 67.35 67.00