Turning Down
Our Pivot: 58.90
Our Preference: Short sell below 58.50 with strict stop loss of 58.90 and profit target at 58.05, hourly closing below 58.05 will call for 57.65.
Alternate Scenario: Upward penetration of 58.90 will call for 59.10 & 59.60.
NOTE: WTI is trying to penetrate below its major supportive trend line.
Chart with supports & resistances:
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