Better than expected data on manufacturing activity across Asia, Europe, and the United States supported higher prints on WTI Crude as it tested the 200 period SMA on the hourly chart before printing lower in early session today as investors await API weekly inventories with analysts expecting a build in stockpiles after registering a previous drawdown of 6.829Mb, favoring further downside with 40.50 and 40 as next support targets.
Support: 40.50 / 40
Resistance: 41 / 41.50
