WTI Crude Oil Price Forecast – June 19, 2025
WTI Crude Oil is showing early signs of a technical rebound, with strong intraday support forming around the $71.85 level. The market appears to be stabilizing, following recent declines, and traders are eyeing potential bullish continuation if the pivot level holds.
📍 Key Technical Levels
- Pivot Level: $71.85
- RSI Status: Slightly bullish; above the neutral 50 threshold
📈 Preferred Scenario – Bullish Setup
- Entry (Buy) Above: $71.85
- First Target: $74.30
- Second Target: $75.50
This setup favors buyers aiming to capitalize on the short-term upside momentum, provided the support base holds.
🔁 Alternative Bearish Scenario
- Sell Below: $71.85
- Target 1: $70.95
- Target 2: $69.60
If the support at $71.85 breaks down, we could see renewed selling pressure toward the lower support zones.
🔍 RSI and Trend Analysis
The Relative Strength Index (RSI) is gradually climbing above its 50-neutral mark, indicating a shift in momentum from neutral to bullish. A sustained rise above RSI 55 could trigger a strong intraday rally toward the $75.50 target zone.
Technical Chart Summary
- A support base has formed at $71.85, suggesting that sellers are losing strength.
- Price is consolidating and may break upward if volume confirms a breakout.
- The price action favors bulls unless WTI closes below the pivot with strong volume.
Market Sentiment & Macro Drivers
- Inventory Reports: Recent API data showing tightening U.S. crude stocks support upside.
- OPEC+ Policy: Continued production discipline adds to bullish fundamentals.
- Geopolitical Risks: Middle East tensions and supply disruptions lend further upside risk.
- U.S. Dollar Impact: A softer dollar is providing some tailwinds to commodities, including oil.
Trading Tips for June 19, 2025
- Use Buy Limits Around $71.90 if price consolidates.
- Watch RSI > 55 for confirmation of momentum continuation.
- Stop Loss Strategy: Consider placing stops just below $70.90 to limit downside.
- Take Partial Profits: Scale out near $74.30 and let the rest ride toward $75.50 if momentum holds.
- News Impact: Monitor EIA weekly inventory data or Fed policy statements closely.
Frequently Asked Questions (FAQs)
Q1: What is today’s pivot for WTI Crude Oil?
A1: The intraday pivot is $71.85.
Q2: What trend is expected today?
A2: The trend is bullish above $71.85 with potential toward $75.50.
Q3: What technical indicator supports a long position?
A3: The RSI is above 50 and rising, supporting upside potential.
Q4: What are the resistance levels for crude oil?
A4: Key resistances are $74.30 and $75.50.
Q5: Where is support located?
A5: Initial support is at $71.85; below that, watch $70.95 and $69.60.
Q6: Is this forecast suitable for intraday trading?
A6: Yes, the forecast offers short-term intraday setups for active traders.
Q7: What macro factors could affect today’s price?
A7: U.S. stockpile reports, OPEC news, and Middle East developments.
Disclaimer:
This analysis is for informational and educational purposes only. It does not constitute investment advice. Trading crude oil and commodities involves significant risk. Please consult a licensed financial advisor before making any trading decisions.
