Turning Down
Our Pivot: 52.70
Our Preference: Short sell below 52.14 with strict stop loss of 52.70 and profit target at 51.50 with extension towards 51.10.
Alternate Scenario: Upward penetration of 52.70 will call for 53.40.
NOTE: WTI have given bearish breakout of its ascending wedge in downward direction.
Chart with supports & resistances:
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