WTI Crude Oil resumed the strong bullish bias invalidating the correctional scenario, and broke above the pennant formation shown above. Accordingly, the bullish trend resumes and could extend further probably towards 110.00 key level.
Support 107.40 104.15 106.70 105.95 104.75
Resistance 108.25 108.70 109.35 109.90 110.50
Recommendation Long above 107.00 targets at 108.00.108.70 and 109.35. Stop loss below 106.10