WTI Crude Oil May Hold Above 105-104.9 Levels

Published 08/13/2013, 07:03 AM
Updated 05/14/2017, 06:45 AM

WTI Crude oil is retesting 106.25-resistance level and first upside target, a break above this resistance may confirm further upside and a retest of the next potential resistance level at 107.35. Overall, holding above 105.00-104.90 support will maintain the bullish wave.
WTI Crude Oil
If price reaches within 20% from target before triggering entry, signal is canceled and not valid anymore.

Support: 105.70, 104.90, 104.50, 104.00, 103.55
Resistance: 107.00, 107.35, 107.65, 108.00, 108.50

Recommendation: Long above 105.70 targets at 106.25, 107.00 and 107.50. Invalidation below 104.80

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