WTIUSD

Crude oil is showing a positive trend above the pivot level of 41.94, directly influenced by geopolitical risks. If supply concerns continue, the first target will be the resistance at 62.26. Breaking above this level could allow the rise to continue up to the resistance at 62.78. On pullbacks, the support level at 61.43 is critically important. The 3.715M barrels of Crude Oil Stock data announced on Wednesday became the week's most significant catalyst and continued to apply selling pressure.