WTI Crude Oil extended the decline below the ascending support shown on chart, the break below the trend line suggest the move may extend towards the bottom of this sideways range near 102.50. Accordingly, we expect further downside today.
Support: 104.30, 103.85, 103.00, 102.65, 102.00
Resistance: 104.85, 105.85, 106.00, 107.00, 107.35
Recommendation Short below 105.00, targets at 104.00 and 102.50. Invalidation above 105.90