WTI Crude Oil failed just below 96.80/92 but if we test this level today it could offer a selling opportunity. A break above 97.30 however triggers stops on shorts and keeps the 6 month bull running towards 97.75/95 then 98.58. Above here 99.52 looks achievable.
We are back below 96.00 this morning and could continue lower to 95.45/40. This is good support and we could bounce from here. However any longs need a stop below 95.25 for 95.00 and possibly further losses towards 94.55/48. Unlikely we fall any further today so watch for a low here but if we break below 94.30 we could be on the way to 93.90/75 next.