Published June 20, 2025

Analysis: The major trend is down with a near-term uptrend for WTIC. On the plus side, oil is trading above the 200-day moving average. It will meet major resistance around $80. Movements will be predicated on the volatile situation in the Middle East.

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Technical Analysis is about trading with the trend

Note: This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.

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