WTI Crude JULY contract

WTI Crude lower as expected & holding below 6165/55 targets 6120 then important support at 6080/70. Longs need stops below 6050. A break lower is a sell signal targeting 6000, perhaps as far as 5970/60.

Gains are likely to be limited but above 6170 allows a recovery to 6200/10 & a selling opportunity at 6225/35 with stops above 6260.

WTI

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