Fundamental analysis of WTI

The oil market depends on many factors and is complex and dynamic. Recent trends point to a rise in WTI crude oil prices, and during Asian trading prices held around 72.60, but the growth was hampered by an increase in gasoline and commodity inventories in the U.S., which raised concerns about the stability of demand in the U.S. and indicates a possible slowdown in its growth. US strategic actions are also having an impact, especially the Biden administration's cautious approach to filling the Strategic Petroleum Reserve. Growth was also influenced by the expected performance of key US employment data, a determining factor in assessing the likelihood of an interest rate cut by the Federal Reserve.
Geopolitical tensions increased volatility in the market, contributing to the growth of oil prices. Concerns were caused by conflicts in Israel and Gaza, oil production problems in Libya, especially the closure of the Sharara oil field, and the actions of the Iranian-backed Houthi rebels. 
The upcoming OPEC+ meeting, non-farm payrolls data, and economic data from the Eurozone and Germany are key. These events, along with API and EIA specification changes, geopolitical tensions, and supply issues, contribute to a more optimistic near-term outlook. The US Non-Farm Payrolls Change report and OPEC+ meeting results deserve more attention as they provide an accurate benchmark for the oil market.
Technical analysis and scenarios:

The Bollinger Bands are showing an upward direction and the price is currently in the upper range of the indicator. This is generally indicative of a bullish trend. The upper band at 74.50 coincides with the second resistance level, indicating strong resistance in this area. The middle band at 72.20 is slightly below the current price, reinforcing it as a potential support level in the event of a short-term pullback. In the short term, the market seems to be leaning bullish and could test and possibly break the nearby resistance levels. However, any negative news or data could quickly change the market sentiment, pushing prices towards support levels.
Main scenario (BUY)
Recommended entry level: 73.50
Take Profit: 74.50
Stop loss: 73.00
Alternative scenario (SELL)
Recommended entry level: 71.50
Take Profit: 70.10
Stop loss: 72.00