WTI Crude extended the sharp bullish wave back to the previous highs and resistance level near 109.00, after breaking the descending resistance for the bearish wave, and after settling back above 104.30 level. The price found resistance at that level as the move seems also overextended, however the bullish bias remains favored, and is expected to resume after completing a downside pullback.
Support: 107.50, 107.00, 106.40, 105.80, 104.85
Resistance: 108.00, 108.55, 108.85, 109.35, 110.00
Recommendation Long above 107.00, targets at 107.80 and 108.55. Invalidation below 106.25