Crude oil is up by about 1.1% and closed in yesterday's session with an outside bar on the daily periodicity which is most often the sign for change in the market context.
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In this specific case, we can observe a bullish momentum that can change towards a rotational behavior. The hourly heading higher to the swing highs back from a week ago.
The mean around its distribution might be an area of interest for sellers, depending on the API data later on the day.
The market may establish a balance area in case it finds resistance around the higher extreme now. Meanwhile, power generators seem to switch from gas and coal to oil and diesel as of power shortages which drive the prices higher.
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