Under Pressure
Our Pivot: 48.50
Our Preference: Short sell below 47.95 with strict stop loss of 48.50 and profit target at 47.35 with extension towards 46.95.
Alternate Scenario: Upward penetration of 48.50 will call for 49.10.
NOTE: WTI is being capped by a descending trend line.
Chart with supports & resistances:
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