Market Analysis of Crude Oil on Tuesday 01 April 2025

Crude Oil (WTI)‎ (K5)‎ Intraday: bullish bias above 70.90.

Pivot:

70.90

Our preference:

Long positions above 70.90 with targets at 72.00 & 72.50 in extension.

Alternative scenario:

Below 70.90 look for further downside with 70.10 & 69.40 as targets.

Comment:

The next resistances are at 72.00 and then at 72.50.