WTI crude gives a bit back late but still settles higher by 89-cents

  • Second day of gains this week
oil 5 mins
oil 5 mins

The Iran headlines on a US nuclear offer weighed on crude, sapping some of the earlier gains. Still, it settled 89-cents higher to $63.41. That's the highest since May 13.

Zooming out to the daily chart, do we have an inverted head-and-shoulders shaping up here? If the neckline breaks it would target $73.

WTI crude daily
WTI crude daily

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