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Stock market - WTI Crude Oil Analysis on 09/06/2024 - OPEC+ delay the output hike

How to trade WTI today? What are the price targets on WTI? What economic news is impacting the crude oil market? 👉 Watch the WTI Crude Oil stock market video by Trading Central's technical analysis experts! 00:00 Crude Oil WTI Stock Market and Economic News Today OPEC+ agreed to delay the oil output increase plan for 2 months, but investors were still worried about the weak global demand... 00:45 Crude Oil WTI Technical Analysis Today with Targets Crude Oil WTI stays on the downside As long as $70.40 acts as the intraday resistance level, technical outlook remains bearish The downside targets are... Watch our other fundamental & technical Analysis videos on our playlist! Did you like our video? Comment, like & share! Thanks a lot, see you soon on our next stock market videos! ►►► How to read a Technical Analysis? • Pivot Point (blue horizontal line): A key figure in technical analysis, it represents the important psychological level which, if reached, will invalidate the current strategy It can be used as a level on which to place a stop loss • Our preference: the scenario favored by Trading Central, materialized on the chart by a blue directional arrow • Alternative scenario: the scenario that will be favored if the pivot point is reached • Supports (red horizontal lines) and resistances (green horizontal lines) on all our charts • Last: The last quoted price at the time of reporting • The time horizon: at the top left of the graph, you will find the time horizon on which the analysis was carried out: 30 min: 1 bar on the chart represents 30 min of trading. Forecasting on a horizon of about 10 hours ►►► ► Subscribe to our channel and activate alerts to be notified of our next videos!    / @tradingcentral   ► Watch our Fundamental & Technical Analysis videos! Go to our playlist "Web TV - English" :    • Stock market videos - Web TV - English   ► More about Technical Analysis ? Watch our video "How to read a technical analysis":    • Stock Market Training : How to read a...   ► Follow-us ! Youtube:    / @tradingcentral   X:   / @tradingcentral   Facebook:   / tradingcentral   Website: https://tradingcentral.com

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