WTIUSD

U.S. crude oil stocks to be announced on Thursday and EIA data on Wednesday will have an impact on commodities. The expectation of a significant decrease in stocks in the energy market (previous: -3.029M) could drive prices up. A high U.S. CPI could lead to a stronger dollar and pressure on crude oil.

Technical Levels: 73.212 - 71.957 - 70.702 - 68.193 - 66.416 - 65.683 - 64.428

70.702 is the pivot level, and sustained trading above it could bring 71.957 and 73.212 resistance levels into focus. In case of selling pressure, the range of 66.416 – 65.683 below 68.193 should be monitored as support areas.