WTI Crude surged by more than 2.70% to end yesterday’s session near 10 month-highs at $46.95pbl on optimism of vaccine roll outs after the FDA advisory committee recommended the approval of Pfizer’s BioNTech’s vaccine. Failure to retrace towards previous resistance now support level at $46.50, will indicate strong bullish momentum with $47.40 and $48 as next resistance targets.
Support: 46.50 / 46
Resistance: 47.40 / 48
