WTI Crude closed below the 200 period SMA on the daily chart, falling by more than 3% in yesterday’s session, weighed down by wave 2 fears and spreading lockdowns despite better than expected GDP and labor data out of the U.S. Failure to retrace above $36 pbl resistance level (previously support), will favor further downside with $35 as closest target.
Support: 36/ 35 / 33.50
Resistance: 37 / 38
