Market Analysis of Crude Oil on Monday 16 June 2025

Crude Oil (WTI)‎ (Q5)‎ Intraday: look for 75.50.

Pivot:

71.15

Our preference:

Long positions above 71.15 with targets at 75.50 & 76.40 in extension.

Alternative scenario:

Below 71.15 look for further downside with 69.40 & 67.90 as targets.

Comment:

The RSI has just landed on its neutrality area at 50% and is turning up.