WTI crude oil rallied yesterday to settle back above the 200-days SMA and 92.40 level, threatening the bearish continuation scenario. We prefer to move to the sidelines for now, and monitor price action around the 50-days SMA and 93.50 horizontal resistance.

Support: 92.40, 91.10, 90.10, 89.30, 87.70
Resistance: 93.50, 94.40, 95.00, 95.50, 96.20
Based on the charts and explanations above, we prefer to be neutral.

Support: 92.40, 91.10, 90.10, 89.30, 87.70
Resistance: 93.50, 94.40, 95.00, 95.50, 96.20
Based on the charts and explanations above, we prefer to be neutral.