Under Pressure
Our Pivot: 37.05
Our Preference: Short sell crude oil below 36.61 with strict stop loss of 37.05 and profit target at 36.00 and 35.60.
Alternate Scenario: Upward penetration of 37.05 will call for 37.55.
NOTE: Crude oil is caged in a triangle on hourly chart.
Hourly chart with supports & resistances:
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