Under Pressure
Our Pivot: 105.20
Our Preference: Start shorting selling WTI below 104.00 with strict stop loss of 105.20 and profit target at 101.50 with extension towards 100.50 and 99.50.
Alternate Scenario: Downward penetration of 105.20 will call for 106.30 and 107.00.
NOTE: WTI is being capped by horizontal resistant region.
Chart with supports & resistances:
0 Comments
No comments yet. Be the first to comment!
Please log in to leave a comment.