Upside Prevails
Our Pivot: 113.60
Our Preference: Start buying WTI above 114.00 with strict stop loss of 113.60 and profit target at 115.00 with extension towards 115.70.
Alternate Scenario: Downward penetration of 113.60 will call for 113.20 and 112.80.
NOTE: WTI have successfully penetrated above its major resistant trend line and now momentum indicators are in bullish mode.
Chart with supports & resistances:
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