Rebound Insight
Our Pivot: 112.10
Our Preference: Start Buying WTI above 112.78 with strict stop loss of 112.10 and profit target at 113.70 with extension towards 114.20.
Alternate Scenario: Downward penetration of 112.10 will call for 111.40.
NOTE: WTI is moving for correction of its last bearish rally
Chart with supports & resistances:
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