WTI Crude rebounded strongly after recording a low at 105.45 yesterday, the commodity is retesting 107.50 resistance level, which if broken may extend the intraday bullish move to 108.00 and 108.50. Accordingly, we prefer to monitor price action for further confirmation.
Support: 106.50, 106.00, 105.00, 104.75, 104.00
Resistance: 107.50, 108.30, 108.70, 109.35, 110.00