WTI Crude Oil retested 100.70 key broken high to record a low at 100.52 before bouncing higher. Holding above 100.70 area keeps the bullish scenario intact, accordingly, we maintain our bullish bias, although we may see sharp fluctuations.
Support: 100.70, 99.75, 99.20, 98.90, 98.00
Resistance: 101.70, 102.50, 103.20, 103.75, 104.30
Recommendation Based on the charts and explanations above, we prefer to long oil above 100.50 targeting 101.20,101.70 and 102.50. Stop loss below 99.70