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.
The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.