Under Pressure
Our Pivot: 53.40
Our Preference: Short sell below 52.75 with strict stop loss of 53.40 and profit target at 52.13 with extension towards 51.80.
Alternate Scenario: Upward penetration of 53.40 will call for 54.00.
NOTE: WTI is moving in a bearish price channel.
Chart with supports & resistances:
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