Under Pressure
Our Pivot: 122.50
Our Preference: Start Short selling WTI below 121.50 with strict stop loss of 122.50 and profit target at 120.10 with extension towards 119.45.
Alternate Scenario: Upward penetration of 122.50 will call for 123.20.
NOTE: WTI have given bearish breakout of its supportive trend line.
Chart with supports & resistances:
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