Turning Down
Our Pivot: 47.55
Our Preference: Short sell below 47.00 with strict stop loss of 47.55 and profit target at 46.25 with extension towards 45.80.
Alternate Scenario: Upward penetration of 47.55 will call for 48.00.
NOTE: WTI is is facing rejection from resistant trend lines on daily and hourly charts.
Chart with supports & resistances:
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