WTI Crude oil hit our long resistance targets, printing a high a tat below $62 pbl and ending yesterday’s session above the $61 handle despite EIA inventories registering a 21.653Mb buildup while an attack on Saudi Arabia’s Aramco and today’s OPEC+ decision kept prices supported. A bullish surprise from Saudi Arabia today could push prices towards $63-$65, wish short term technicals favoring further upside on an hourly close above $62.
Support: 61 / 60
Resistance: 62 / 62.50
