Crude hovers above $40 pbl on the back of Asian shares trading at four months peaks as investor sentiment turned positive counting on a revival in Chinese activity to sustain global growth even as 32 US Stated record soaring Coronavirus cases . Better than expected economic data could lift WTI crude above $41 with $41 as the first target on an hourly close above $40.50.
Support: 40/ 39.27
Resistance: 40.5/ 41 / 41.5
