WTI Light Sweet Crude Oil 4/27/23

For Thursday, 76.20 can contain buying through the balance of the week, below which 71.76 targeted midterm support is likely over the next 3 - 5 days, where the market can bottom out through May.

A weekly settlement tomorrow below 71.76 would, on the other hand, indicate 68.06 by the end of next week, 62.14 within 3 - 5 weeks.

Upside Thursday, pushing/opening above 76.20 allows 78.27, while closing back above 76.20 signals 80.00 over the following 3 - 5 days, potentially 82.29 long-term resistance within 1 - 2 weeks.