WTI Crude printed a lower high below the latest highs and below our resistance level at 42.50 weighed down by demand concerns stemming from rising Covid-19 cases and weaker than expected US economic data as we look for an hourly close below 41 ( coinciding with 200 period SMA) to favor further downside with 40.50 and 40 as next support targets.
Support: 41 / 40.50 / 40
Resistance: 41.50 / 42.50
