Market Analysis of Crude Oil on Thursday 19 June 2025

2025-06-19 10:07Source:BtcDana

Crude Oil (WTI)‎ (Q5)‎ Intraday: intraday support around 71.85.

 

Pivot:

71.85

 

Our preference:

Long positions above 71.85 with targets at 74.30 & 75.50 in extension.

 

Alternative scenario:

Below 71.85 look for further downside with 70.95 & 69.60 as targets.

 

Comment:

A support base at 71.85 has formed and has allowed for a temporary stabilisation.

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