Under Pressure
Our Pivot: 53.55
Our Preference: Short sell below 52.92 with strict stop loss of 53.55 and profit target at 52.25 with extension towards 51.80.
Alternate Scenario: Upward penetration of 53.55 will call for 54.00.
NOTE: WTI is moving in a bearish price channel.
Chart with supports & resistances:
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