Fundamental Highlights
WTI kicks off the week with a bearish gap, as the slump in global oil consumption continues amidst swelling crude stockpiles, despite of Saudi efforts who began to curb oil production from 12 Mbpd to 8.5 Mbpd ahead of schedule
Technical Analysis
Our Friday analysis stands : “Prints below 16 coinciding with a breach of our short term uptrend will favor lower prints with 14 as the closest support target”
Support: 16 / 14/ 11.37
Resistance:19.10 / 20.45 / 21.30
