Our short support targets have been reached on WTI Crude as it dropped by 7.45%, ending yesterday’s session at $36.11 as a surge in COVID-19 cases in the states raised the prospects of a second wave and risky assets took a hit with U.S indexes dropping by 5% to 7%. An hourly close below our support at $35.25 favors further downside with $34.35 as the closest support target.
Support: 35.25 / 34.35 / 33.50
Resistance: 36.50/ 37.20
