US CRUDE OIL

WTI oil regained strength and is pressuring fresh two-week high at $45.43, after shallow pullback from $45.43 was contained by rising 4-hr Tenkan-sen at $44.64.
Recovery leg from $42.04 (21 June low) was boosted by data showing a decline in US oil output and along with improving technical studies and weaker dollar, keep oil price supported.
Oil is looking for strong bullish signal on close above cracked $44.91 pivot (Fibo 61.8% of $46.69/$42.04 downleg / 20SMA) which would signal bullish acceleration towards key near-term support at $46.69 (12 June lower top).
Crude oil is on track for strong bullish weekly close, the first bullish close since mid-May that also underpins bulls.
Supports at $44.91/64 are expected to hold dips and keep immediate bulls intact. Break here would risk deeper pullback and expose support at $43.73 (daily Tenkan-sen).

Res: 45.43; 45.59; 46.46; 46.69
Sup: 44.91; 44.64; 44.42; 43.73