WTI eases from the intraday top to $40.40, down 0.52% on the day, during Tuesday’s Asian session.
The energy benchmark earlier rose to over the three-month top of $41.25. Though, the following pullback keeps it's between the bearish chart pattern. However, a daily closing below an ascending trend line from April 21, at $38.60 now, becomes necessary for the bears to enter any trade.
In doing so, a $ 40.00 round-figure and 100-day SMA level of $34.05 might offer additional rest-points during the black gold’s heavy fall below $10.00 theoretical target.