WTI

image

WTI

Oil prices continued their recovery efforts after the strong employment data released on Friday and the US Department of Energy's plan to take advantage of low oil prices and make purchases in the Strategy Petroleum Reserves. As long as prices remain above the 71.00 - 71.50 support in the upcoming process, there may be an upward trend. In possible declines, it may be necessary to see the course below 71.00 and hourly closings. In this case, we may see 71.00 - 70.50. Support: 69.50 Resistance: 73.00