Rebound Insight
Our Pivot: 116
Our Preference: Start buying WTI above 116.77 with strict stop loss of 116.10 and profit target at 118.00 with extension towards 119.30.
Alternate Scenario: Downward penetration of 116.00 will call for 114.80.
NOTE: WTI is supported by a horizontal supportive region and intraday momentum indicators have changed their direction towards bullish side.
Chart with supports & resistances:
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