Turning Down
Our Pivot: 45.50
Our Preference: Short sell below 45.00 with strict stop loss of 45.50 and profit target at 44.36 with extension towards 44.00 and 43.65.
Alternate Scenario: Upward penetration of 45.50 will call for 46.10.
NOTE: Crude is being capped by a strong resistant region and in continuation mode of its previous bearish correction.
Chart with supports & resistances:
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