WTI Crude Oil rebounded, currently testing 98.60-98.65 latest highs and resistance level. A continuation of the rally and a break above 98.65 will probably signal a move to 99.00 and 99.70 levels. Accordingly, we remain bullish for today.

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 long oil above 98.25 targeting 98.65,99.00 and 99.70. Stop loss below 97.70

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 long oil above 98.25 targeting 98.65,99.00 and 99.70. Stop loss below 97.70