Under Pressure
Our Pivot: 81.00
Our Preference: Start short selling WTI below 80.00 with strict stop loss of 81.00 and profit target at 78.90 with extension towards 78.15.
Alternate Scenario: Upward penetration of 81.00 will call for 82.00 and 82.30.
NOTE: WTI is being capped by a horizontal resistance and a descending trend line.
Chart with supports & resistances:
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