Turning Down
Our Pivot: 43.80
Our Preference: Short sell below 43.50 with strict stop loss of 43.80 and profit target at 43.00 with extension towards 42.65.
Alternate Scenario: Upward penetration of 43.80 will call for 44.20.
NOTE: WTI Crude is being capped by resistant trend line and hourly momentum indicators have changed their direction towards bearish side after facing rejection from this resistance.
Chart with supports & resistances:
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