Technical Forecast for WTI Crude

WTI Crude unexpectedly tore higher again to reach 108.43. If we can hold above 108.25/00 we may now see 109.00/10 then 109.80/95 before a test of 2012 highs at 110.55.

 

Support at 107.50/45 but below here could reach 106.85/65. Look for a low for the day here but longs need stops below 106.15.