WTI Crude is retesting the key support at 104.30-103.90 area, where we expect price to break it and head lower this week, however we prefer to wait for confirmation through stability below 103.90, targeting 102.00 and 100.70 level as the next potential downside destinations.
Support: 104.30, 103.90, 103.20, 102.25, 101.45
Resistance: 104.75, 105.50, 106.00, 106.50, 107.45
Recommendation Short with four-hour closing below 103.95, targets at 102.30 and 101.70. Stop loss above 105.00