WTI Crude managed to end yesterday’s session above the $40 pbl mark, tracking equities higher and supported by a pullback in the dollar index, as we continue to trade above the 20, 50 and 200 period SMA on the hourly chart while the potential of returning Libyan oil supply along with the re tightening of restrictions in Europe continue to cap higher prints.

Support: 39.27 / 38.70
Resistance: 40 / 41

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