Turning Down
Our Pivot: 62.60
Our Preference: Short sell below 61.95 with strict stop loss of 62.60 and profit target at 60.90 with extension towards 60.25.
Alternate Scenario: Upward penetration of 62.60 will call for 63.35.
NOTE: WTI is moving in a bullish price channel but right now it heading fro correction after a bearish engulfing on hourly chart.
Chart with supports & resistances:
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