Turning Down
Our Pivot: 64.10
Our Preference: Short sell WTI below 63.42 with strict stop loss of 64.10 and profit target at 62.65 with extension towards 62.05.
Alternate Scenario: Upward penetration of 64.10 will call for 65.00 and 65.40.
NOTE: WTI is being capped by its correction levels of its previous bearish rally along with resistant trend line of its descending price channel.
Chart with supports & resistances:
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