WTIUSD

Crude oil is showing a positive trend above the pivot level of 41.94 due to the direct impact of geopolitical risks. If supply concerns persist, the first target will be the resistance at 62.26. A breakout above this level could allow the rise to continue up to the resistance at 62.78. In pullbacks, the support level at 61.43 is of critical importance. The 3.715M barrels of Crude Oil Stocks data announced on Wednesday became the week's most important catalyst and continued to exert selling pressure.