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May 31st, Economies analysts’ latest view today: WTI crude oil prices continue to fall, close to our expected target of 68.75, and we recommend continuing to be bearish. Beyond this level will open a further downward channel, with targets at 67.00 and 65.30. EMA50 continues to provide a bearish view, it is important to note that failure to break below 68.75 will stop the bearishness and lead the price to start an attempt to recover and head towards the 71.55 area before the next target is clearly identified.
Today’s expected trading range is 67.50 and 70.60.
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WTI Crude Oil Price Chart
