WTIUSD

Wednesday will be a critical day for oil prices. The U.S. crude oil inventory data will be decisive in price movements. An increase in the Energy Information Administration (EIA) stocks could increase pressure on WTI. The Manufacturing PMI data, which gives signals about China's economic activity, is expected to move into the contraction zone, which could raise concerns about global demand. On the other hand, signals indicating that the U.S. economy is slowing down and developments in the Middle East will also be closely monitored. If the pivot level of 63.13 is surpassed, a move towards the resistance at 64.31 may begin. However, if the resistance at 64.31 is broken, resistance levels can be monitored for selling pressure.