Under Pressure
Our Pivot: 39.43
Our Preference: Short sell WTI below 39.00 with strict stop loss of 39.43 and profit target at 38.40 and 38.15.
Alternate Scenario: Upward penetration of 39.43 will call for 39.80.
NOTE: After breakout of its triangle in bearish direction WTI is retesting supportive trend line of that triangle as a resistance.
Hourly Chart with supports & resistances:
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