Under Pressure
Our Pivot: 46.25
Our Preference: Short sell below 45.75 with strict stop loss of 46.25 and profit target at 45.13 with extension towards 44.80 and 44.60.
Alternate Scenario: Upward penetration of 46.25 will call for 46.50 and 46.80.
NOTE: WTI is in moving downward in a bearish price channel.
Chart with supports & resistances:
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