WTI Crude broke below 103.90 support level, and extended the move to 102.65 yesterday, a retest of 103.90 resistance could provide another opportunity to short oil targeting 102.30 next potential support level. The bearish scenario remains favored.
Support: 102.75, 102.30, 102.00, 101.45, 101.00
Resistance: 103.40, 103.90, 104.30, 104.85, 105.50
Recommendation Short below 103.90 targets at 103.00 and 102.30. Stop loss above 104.60