Crude Oil (WTI) may rise to 104.00 - 107.00.

Crude Oil (WTI) may rise to 104.00 - 107.00.

Pivot 99.00
Our preference : Long positions above 99.00 with targets at 104.00 & 107.00 in extension.

Alternative scenario Below 99.00 look for further downside with 97.00 & 95.40 as targets.

Comment : Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.