WTI crude first support at 5225/15 likely to break today to target support at 5130/20. This should be an excellent buying opportunity with stops below 5095. An unexpected break lower targets 5050/45.
Holding first support at 5225/15 again today re-targets first resistance at 5280/90. Unlikely, but if we continue higher look for 5320/30 then try shorts at 5365/75 with stops above 5420. An unexpected break higher however targets the February high at 5485/94.