Indeed WTI Crude extended the bullish wave towards 105.50-105.80 resistance level, after breaking the descending resistance for the bearish wave, and after settling back above 104.30 level. However, further upside requires a clear break and stability above 105.80, which may happen but may be preceded by a downside attempt.
Support: 104.85, 104.30, 103.90, 103.40, 102.75
Resistance: 105.50, 105.80, 106.40, 107.00, 107.45
Recommendation Short below 106.00, targets at 105.10 and 104.50. Invalidation with four-hour closing above 106.35.