After three days of going down, WTI crude is flat today, hovering around $68.48

WTI crude oil trades at $68.48 per barrel, after ending yesterday at $68.09.

United States ADP Nonfarm Employment Change (May) is next.

Uncertainty around WTI crude is reflected by published market data as United States JOLTs Job Openings (Apr) came out at 10.10 million, while a consensus of analysts was expecting 9.78 million. United States API Weekly Crude Oil Stock released yesterday at 20:30 UTC with a figure of 5.20 million, while the previous figure was -6.80 million. United States OPEC Crude Oil Production Algeria (Barrel) came out at 960,000, while a consensus of analysts was expecting 960,000.

With regards to technical trend indicators, chart analysis show that the Commodity Channel Index (CCI) indicator is below -100, meaning the market price is unusually low and below its rolling moving average. Technical analysis indicates that a new, strong downtrend could be forthcoming with short positions favored. Asset volatility analysis shows that WTI crude oil's upper Bollinger Band® is at $74.62 and the lower is $68.36.

All in all, the technical analysis suggests West Texas crude has no clear-cut direction.

Meanwhile, mixed performances are seen in other Energy as Brent Crude Oil closed at $72.58 (down 1.31%). Heating Oil stumbles 1.08% to trade around $2.26.

Furthermore, the market is looking at United States Crude Oil Inventories is projected to outperform its last figure with -1.10 million. It previously stood at -12.46 million; data will be released today at 15:00 UTC. United States ADP Nonfarm Employment Change (May) is expected today at 12:15 UTC. United States Non Farm Payrolls projected to decline to 180,000 while previous data was 253,000; data will be released tomorrow at 12:30 UTC.

Having set a significant high of $122.09 11 months ago, West Texas crude is trading 44.23% lower.