Crude oil prices expected to fall due to increased supply and decreased demand

From Yahoo Finance: 2025-06-30 10:31:00

September crude oil futures present a selling opportunity as prices show a bearish pennant or flag pattern on the daily chart. Decreased tensions in the Middle East and global trade concerns suggest more supply on the market and slower energy demand growth. A move below $62.84 would be a selling opportunity, with a downside target of $55.00. Micro WTI crude oil futures contracts are gaining popularity among retail traders, being one-tenth the size of regular contracts. The Commodity Futures Trading Commission warns that trading futures is volatile, complex, and risky, requiring careful consideration of financial resources and risk exposure. Jim Wyckoff, the author, holds no positions in the securities mentioned.

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