WTI Crude oil hit our long resistance target in yesterday’s session, topping 2-year highs, after OPEC+ provided an upbeat assessment of the demand outlook with the Saudi Energy Minister saying that the consumption picture has shown clear signs of improvement. API weekly inventory data to be released today, where a buildup in inventory could accelerate downside momentum. A move below $67.50 may push prices lower with $66.20 as next support target.
Support: 67.50 / 66.20
Resistance: 68 / 68.70
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