WTI immediate resistance stands at $71.38, $73.35, and $75.00 with potential breakout to $80/bbl on escalation news.
Key support levels are at $67.00, $66.15, and the 100-day moving average of $65.00 for WTI; Brent support at $69.20.
Calendar spread trading is recommended over directional bets to leverage futures curve distortions during volatility.
Position sizing should limit exposure to 20-30% of capital with stop-loss set 5-8% below entry points.