WTI Crude Oil extended the gains after retesting the 50-days SMA, where it was rejected sharply yesterday, a break above the latest high near 96.00 would confirm further upside for today, eying 97.00 and 97.65 levels.

Support: 94.60, 94.00, 93.70, 93.00, 92.30
Resistance: 95.80, 96.70, 97.20, 97.65, 98.00
Recommendation Based on the charts and explanations above, we prefer to long oil above 95.00 targeting 95.75 and 96.70. Stop loss below 94.25

Support: 94.60, 94.00, 93.70, 93.00, 92.30
Resistance: 95.80, 96.70, 97.20, 97.65, 98.00
Recommendation Based on the charts and explanations above, we prefer to long oil above 95.00 targeting 95.75 and 96.70. Stop loss below 94.25