WTI Light Sweet Crude Oil, 6/21/23For Wednesday, the 67.55 - 66.71 region can contain weekly selling pressures, above which 74.29 remains a weekly target, 76.78 attainable within 2 - 3 weeks.
Upside Wednesday, 72.36 can contain intraday strength, while pushing/opening above 72.36 allows 74.29 intraday, able to contain buying through the balance of the week.
Closing today above 74.29 signals 76.78 within several more days, able to contain buying through next week, possibly into later July.
Downside Wednesday, breaking/opening below 69.67 allows 67.55 - 66.71 intraday, able to contain weekly selling pressures and the area to settle below for indicating 62.14 longer-term support as a 1 - 2 week target.