Energy Futures Update

Oil finally incorporated the Geopolitical tensions in the ongoing Iran - UK conflict and traded all the way up to main resistance areas arr $63,30/bbl where it finally ran out of steam falling back towards the short term 62,50 support ahead of tomorrows U.S DOE inventory numbers which are expected to come out mixed.

A clear break of 63,75 would bring back oil to December levels around 66,40.

If tomorrows numbers presents a build up especially focusing on the Gasoline, market can see a set back to supports around the $61,20/bbl mark