WTIUSD

The perception of oversupply created by the stock data announced mid-week has put pressure on WTI prices. On the last trading day of the week, technical purchases that may come from the $64.428 level could carry the price to the resistance areas of $65.683 and $66.416. However, ongoing concerns about a global economic slowdown keep the risk of breaking the $64.428 support alive, and thus maintain the potential for a deeper decline.