Under Pressure
Our Pivot: 64.30
Our Preference: Short sell WTI below 63.87 with strict stop loss of 64.30 and profit target at 63.05 with extension towards 62.70.
Alternate Scenario: Upward penetration of 64.30 will call for 64.80.
NOTE: WTI is being capped by its correction levels of its previous bearish rally.
Chart with supports & resistances:
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