Crude oil prices plunged more than 3% into the open with WTI testing make-or-break support for fifth conservative week. The focus remains on possible inflection here into the close of the month. These are the updated targets and invalidation levels that matter on the oil weekly technical charts heading into June trade. Technical Outlook: In my last Crude Oil price forecast we noted that WTI had turned from downtrend resistance with the decline approaching a critical support zone at, “at 69.19-71.51 – a region defined by the yearly low-week reversal close, the 2022 low-week close, and the 61.8% Fibonacci retracement ... (full story)