SpecialeAnalysis

WTI Light Sweet Crude Oil, 6/16/23

NYMEX:CL1!   Light Crude Oil Futures
For Friday, 68.29 can contain selling into later next week, above which 76.70 is attainable over the next 2 - 3 weeks.

Upside Friday, pushing/opening above 71.30 allows 74.77, likely to contain session strength, and the point to settle above for yielding 76.70 within several more days, able to contain weekly buying pressures when tested.

Downside Friday, breaking/opening below 68.29 allow 67.16, also able to contain selling into later next week and the point to settle below for clearly indicating 62.14 as a 1 - 2 week target able to contain broader market selling into later summer

Anthony Speciale, founder of Speciale Analysis offers an affordable approach for all traders to grow into their highest potential.
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