WTIUSD

WTI is looking for direction around $70–72 ahead of Wednesday's EIA crude oil inventory report. A sustained level above 70.702 could mean a step towards resistance levels of 71.957 and 73.212; a significant decrease in inventories would support this scenario. Conversely, levels of 68.193 and then the 66.416–65.683 region could come into play. Weakening signals on the demand side or a strengthening dollar could accelerate pullbacks. In short-term trading, risk limits should remain flexible against expanding volatility during the inventory data hour.