Downside Prevails
Our Pivot: 53.10
Our Preference: Short sell below 52.64 with strict stop loss of 53.10 and profit target at 51.75 with extension towards 51.30.
Alternate Scenario: Upward penetration of 53.10 will call for 53.40.
NOTE: WTI is moving downward after facing rejection from resistant trend line of its triangle.
Chart with supports & resistances:
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