WTI Crude trading at 107.00 resistance, bullish path intact

FXstreet.com (New York) - WTI Crude oil has been in the drivers seat recently, surging higher as it finds a nice insulated path with the 105.00 support curbing any downside.

WTI Crude oil fluctuated recently, having moved in line with a previously intact bullish scenario, hitting the 107.00 resistance, as 105.00 key support area continues to be intact. Ultimately it is advised to wait and see if the price breaks and settles above 107.35 resistance to confirm a move higher towards the top of this clear sideways range (102.00-109.00). Overall, the scenario continues to be favored as long as crude holds above the 105.00 support. In these moments WTI crude is trading at 106.99/bbl.