WTI Crude Oil extended the bounce to 106.65 just above our first upside target. The overall bullish bias continues to be dominant, and the bullish wave remains intact, however at the current levels the risk-to-rewards seems in appropriate.
Support: 105.45, 104.75, 104.25, 103.95, 103.20
Resistance: 106.50, 107.30, 108.00, 109.00, 110.00
Recommendation Neutral