WTI Crude Oil retreats to break the ascending trend line that carried the bullish wave and 105.90 horizontal support level, Accordingly, the intraday bias is bearish, targeting a retest if 104.50-104.00 levels.
Support: 104.75, 104.25, 103.95, 103.20, 102.30
Resistance: 105.95, 106.30, 107.30, 108.00, 109.00
Recommendation Short oil below 105.95, targets at 105.00 and 104.30. Stop loss above 106.70