WTI crude hit our short support target at 42 as it printed lows around 41.60 on a surprise increase in new jobless claims only to end yesterday’s session at 42.73 on the back of positive early vaccine data released by Pfizer and BioNTech. U.S. and European PMI data in focus today as we look for a pullback towards 42.50.
Support: 42.80 / 42.50 / 42
Resistance: 43.50
