WTI Crude Oil pushed higher, retested areas at the main resistance and top of the sideways range at 108.60-108.90, a break above this resistance is necessary to accelerate the bullish move. Overall, the short term bullish trends remains valid, and further upside is expected.

Support: 107.85, 107.25, 106.75, 106.45, 105.50
Resistance: 108.55, 108.90, 109.25, 110.00, 110.70

Recommendation Long above 107.80, targets at 108.60 and 109.90. Invalidation four-hour closing below 106.80

Credit (ICN.com)

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