Yesterday's Close: Settled at 70.04, up +1.35 [+1.97%]

WTI Crude Oil futures were higher by 1.35 yesterday as markets added back risk-premia. Over the weekend, Iran attempted to assassinate Israel's Prime Minister Benjamin Netanyahu. After the attacks, markets have raised the probability of an Israeli strike on Iranian oil and gas assets. Outside of geopolitical risk, markets are still eying China for signs of stimulus coming through and a pickup in the industrial economy globally.

WTI Crude Oil futures have decisively chewed through the $70
mark, and this expands out Pivot and point of balance to 70.09-70.37. More importantly, the critical 69.33-69.69 level is back in play as major three-star support and held a test mid-morning yesterday and upon the European open today; this is the floor, and we view the Bulls in the driver’s seat while holding above this
level. Furthermore, at minimum, we are targeting a test of....

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