WTI Crude Oil May Push To Retest $107.50 Levels

Published 08/12/2013, 07:28 AM
Updated 05/14/2017, 06:45 AM

WTI Crude oil is trading at the middle of the sideways range 102.50-109.00, has broken recently above the descending resistance for the latest bearish wave as shown on chart, and above 105.70 horizontal resistance, holding above 105.70 will keep the strong bullish bias dominant, and push for a retest of 107.50 resistance area.
WTI Crude Oil
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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