WTIUSD

Technical Levels: WTI is trading in the range of 83.55 (support) to 86.88 (resistance). Yesterday's Chinese Manufacturing PMI (49.4) data indicating contraction and the US ISM Manufacturing PMI (48.7) data falling below expectations are raising global demand concerns.
Key Focus: The US JOLTS data to be released today at 17:00 TRT could influence oil prices as a leading indicator of economic activity. A strong economy signal supports demand, while a weakness signal could put pressure on prices. Market positioning is expected ahead of tomorrow's EIA Crude Oil Stocks data (Expectation: -2.392M).