WTIUSD

Crude oil is showing a positive trend above the pivot level of 60.485, directly influenced by geopolitical risks. If supply concerns persist, the first target will be the resistance at 60.805. A breakthrough of this level could sustain the rise up to the resistance at 61.312. In pullbacks, the support level at 59.977 is of critical importance. The Crude Oil Stocks data to be announced on Wednesday will be the most significant catalyst of the week.