WTI crude rallied to $54.46 highs from $53.73 lows seen in London morning trade. The move higher came following a report from OPEC saying compliance in the OPEC+ production caps in place since the end of last year, has reached 150%. The contract remains near the lower end of its 1-week trading band though, and will continue to be susceptible to trade headlines, both positive and negative. Support is now at Monday's $52.96 low which also coincides with the 200-week SMA, with resistance at the 20-day moving average at $54.84. Hence a break of 200-week SMA will suggested a pullback to August lows 50.25-52.00
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