WTIUSD

Crude oil is showing a positive trend above the pivot level of 61.21, directly influenced by geopolitical risks. If supply concerns persist, the first target will be the resistance at 61.81. Exceeding this level could allow the rise to continue up to the resistance at 62.27. On pullbacks, the support level of 60.74 is of critical importance. The Crude Oil Inventories data to be released on Wednesday will be the most significant catalyst of the week.