Turning Down
Our Pivot: 101.60
Our Preference: Start short selling WTI below 100.20 with strict stop loss of 101.60 and profit target at 98.50 with extension towards 98.00.
Alternate Scenario: Upward penetration of 101.60 will call for 102.30 and 103.00.
NOTE: WTI is being capped by an ascending trend line.
Chart with supports & resistances:
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