WTIUSD

Crude oil is showing a positive trend above the pivot level of 61.21, directly influenced by geopolitical risks. If supply concerns continue, the first target will be the resistance at 61.81. Breaking above this level could allow the rise to continue up to the resistance at 62.27. In pullbacks, the support level at 60.74 is critically important. The Crude Oil Inventory data to be released on Wednesday will be the most significant catalyst of the week.