WTI crude oil broke the descending resistance shown on the daily chart below. It retested the 98.65 key horizontal resistance level, where it was rejected. A break above 98.65 is required to confirm further upside towards 100.00 and 100.70 major highs. On the other hand, a break below 97.35 intraday support signals a bearish intraday move towards 96.50. We will monitor price action around these levels for confirmation.

Support: 97.35, 96.40, 95.50, 95.00, 94.30
Resistance: 98.65, 99.00, 99.75, 100.00, 100.70
Based on the charts and explanations above, we prefer to remain neutral.

Support: 97.35, 96.40, 95.50, 95.00, 94.30
Resistance: 98.65, 99.00, 99.75, 100.00, 100.70
Based on the charts and explanations above, we prefer to remain neutral.