WTI Crude hit our short entry support target at 37.20 on Friday’s session, weighed down by news of President Trump contracting Covid-19, global cases topping 35 Million, and oversupply concerns with U.S. Baker Hughes Oil rig count increasing from 183 to 189. Failure to sustain prints above 38 indicate fading bullish momentum, favoring a pullback towards 37.20 support level.
Support: 37.20 / 36
Resistance: 38/ 38.70
