Rebound Insight
Our Pivot: 73.10
Our Preference: Start buying WTI above 73.90 with strict stop loss of 73.10 and profit target at 75.10 with extension towards 75.50.
Alternate Scenario: Downward penetration of 73.10 will call for 72.50 and 71.75.
NOTE: WTI is being supported by a horizontal supportive region along with a rising trend line.
Chart with supports & resistances:
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