Market Analysis of Crude Oil on Tuesday 17 June 2025

Crude Oil (WTI)‎ (Q5)‎ Intraday: bounce.

Pivot:

69.30

Our preference:

Long positions above 69.30 with targets at 72.50 & 73.80 in extension.

Alternative scenario:

Below 69.30 look for further downside with 67.85 & 66.50 as targets.

Comment:

The RSI calls for a rebound.