WTI Crude Oil Slips on Demand and Oversupply Concerns
Technical Outlook:
Current Price: ~$70.5
Key Support: $69.22 (20-MA) and $66.66 (major support zone).
Key Resistance: $71.33 (intermediate) and $72.80 (major resistance).
A break below $69.22 may intensify selling pressure toward the $66.66 support.
If crude sustains above $71.33, recovery toward $72.80 becomes possible.
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