99.30 insigt
Our Pivot: 106.00
Our Preference: Start Short selling WTI below 104.83 with strict stop loss of 106.00 and profit target at 102.00 with extension towards 100.00.
Alternate Scenario: Upward penetration of 106.00 will call for 107.00 and 107.50.
NOTE: WTI is being capped by a strong horizontal resistant region.
Chart with supports & resistances:
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