WTIUSD

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WTIUSD

WTI crude oil prices are testing the support levels of 66.416–65.683 ahead of the crude oil inventory data to be announced in the U.S. tomorrow, influenced by concerns over low demand and a strong dollar; if much higher than expected inventory is reported, prices may decline towards the support level of 64.428, while a surprise decrease in inventories or positive news could lead to a recovery trend, bringing the levels of 68.193 and 70.702 back into focus.

Support :

66.416 - 65.683 - 64.428

Resistance :

71.957 - 70.702 - 68.193