AllTechnical Analysis
logoArgusJuly 22, 2021

Technical Assessment: Bullish in the Intermediate-Term

Intermediate Term
Long Term

The latest run higher in West Texas Intermediate (WTI) had reached our target with an intraday high of $77 on July 6. That was followed by a sharp reversal, with WTI closing that day at $73.37. Then WTI really got hit on Monday, falling by 7.3% to $66.35, the largest one-day decline since September 2020.

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