Crude Oil WTI analysis today : Intraday upside breakout, target $70.80.
Technical Analysis and Market News video on Commodities from Trading Central

00:00 Crude Oil WTI Market News
00:24 Crude Oil WTI Technical Analysis
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• Crude Oil WTI Market News:
On Thursday, Crude Oil WTI rebounded 1.1% to $68.35, halting a third day decline.
The media reported that Saudi Arabia and Russia would discuss the OPEC+ group's effort to maintain market balance.
Later today, oil field services company Baker Hughes will report the latest changes in rig counts for the U.S. and Canada.
On Friday, Crude Oil WTI gained 0.7% during the European trading hours.

• Crude Oil WTI Technical Analysis:
Crude Oil WTI has broken above the declining trend line.
The 50-period moving average is turning upward.
The intraday support level is located at $67.10.
The upside targets are $70.80 and $71.70.
Only a break below $67.10 would trigger a return to $65.70.

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