Oil (WTI) could be targeting USD 70.50 per barrel

From a technical analysis standpoint, Oil (WTI) is trying a comeback from its 3-month lows somewhere in between USD 63.70 and USD 67.70. Currently at USD 68, it will have to get through USD 69 before reaching USD 70.50, a level it failed to sustain twice since May 9-24 and June 27-July 12.

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