As shown on the daily chart, the latest bearish wave in WTI Crude could be a mere retest of the main broken descending resistance, where price resumed the overall bullish wave after retesting the trend line around 103.00 area. The bullish scenario is favored, towards the next key resistance area at 110.00. A break above 110.00 will be the catalyst for further gain and the continuation of the rally.

Support: 106.00, 105.80, 104.85, 104.30, 103.90
Resistance: 107.35, 108.00, 108.55, 108.85, 109.35
Recommendation Long above 106.00 , targets at 107.00 and 108.55. Invalidation below 105.10

Support: 106.00, 105.80, 104.85, 104.30, 103.90
Resistance: 107.35, 108.00, 108.55, 108.85, 109.35
Recommendation Long above 106.00 , targets at 107.00 and 108.55. Invalidation below 105.10