WTI crude oil extended the bullish move towards our full target at 95.50 resistance, and higher before retreating again and currently heading towards 94.40-94.30 support level. We may see an intraday bounce from this support, but we prefer to be neutral this morning, as the price has been trading in a clear sideways market. It has currently settled near the middle of the range, and that does not provide a good entry in terms of risk-reward.

Support: 94.40, 93.50, 93.00, 92.40, 91.10
Resistance: 95.00, 95.50, 96.20, 97.20, 98.25
Based on the charts and explanations above, we prefer to be neutral.

Support: 94.40, 93.50, 93.00, 92.40, 91.10
Resistance: 95.00, 95.50, 96.20, 97.20, 98.25
Based on the charts and explanations above, we prefer to be neutral.