WTI

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WTI

Oil prices recovered after the US Energy Information Administration announced a 4.3 million barrel decrease in stocks. As long as pricing remains above the 69.00-69.50 support in the upcoming period, an upward outlook may be at the forefront. In possible increases, 70.50 and 71.00 levels may be targeted. In possible decreases, as long as the 69.00-69.50 support remains current, new upside potential may occur. Therefore, it may be necessary to see the course below 69.00 and hourly closings for the continuation of the downward desire. In this case, 68.50 and 68.00 levels may come to the agenda. Support: 69.00 Resistance: 71.00