July 12th, Economies analysts’ latest opinion today: WTI crude oil prices have successfully reached our first expected target of 75.00, waiting for new positive momentum to push prices to continue to rise, and the next expected target is 76.10.
We will therefore continue to expect a bullish outlook for the period ahead, a break above this level would extend the bullish wave with a target at 78.25, followed by the 78.90 area, with the caveat that a break below 73.80 would stop the bullish wave and push prices back down.
Today’s expected trading range is 73.50-76.70.