WTI Light Sweet Crude Oil, 6/27/23

For Tuesday, the 67.08 level can contain weekly selling pressures, above which 72.92 is attainable within the week, possibly yielding 77.00 within 2-3 weeks.



Upside Tuesday, 70.67 can contain session strength, while closing above 70.67 signals 72.92 within 2-3 days, where the market can top out through the balance of the week and the point to settle above for yielding the more meaningful 77.00 within 3-5 more days.



Downside Tuesday, closing below 67.08 indicates 64.67 within the week, 62.14 longer-term support within 1-2 weeks, where the broader market can bottom out through summer activity