WTI off highs, around $41.70 ahead of NFP

Crude oil prices are struggling to extend the recent gains today, with the West Texas Intermediate hovering over the $41.70 area per barrel for the time being.

WTI losing smalls ahead of Payrolls

WTI is posting marginal losses after two consecutive sessions with gains, looking to keep alive the rebound from 4-month lows in sub-$40.00 levels recorded earlier in the week.

Ahead in the session, crude oil will remain vigilant on the USD-dynamics in light of the release of July’s Non-farm Payrolls, with expectations around 180K and the jobless rate seen at 4.8%.

Further data regarding crude oil will see figures from the US drilling activity during last week measured by Baker Hughes.

WTI levels to consider

At the moment the barrel of WTI is losing 0.64% at $41.64 and a breakdown of $39.26 (low Aug.2) would aim for $37.61 (low Apr.18) and finally $35.24 (low Apr.5). On the other hand, the next resistance aligns at $43.32 (20-day sma) followed by $44.93 (100-day sma) and then $46.93 (high Jul.12).