WTI hit our resistance targets at 41.50 and 42.50 before retreating on the back of API industry data showing a bigger than expected build-up in inventories, coming in at 7.544Mb vs. a forecasted and previous drawdown of 1.9Mb and 8.322MB respectively. Further pullback towards 41 and 40.50 support levels is looking favorable as investors await EIA Government data today.
Support: 40.50 / 40
Resistance: 41 / 41.50 / 42.50
