Turning Down
Our Pivot: 119.65
Our Preference: Start short selling WTI below 118.90 with strict stop loss of 119.65 and profit target at 117.90 with extension towards 117.15.
Alternate Scenario: Upward penetration of 119.65 will call for 120.00.
NOTE: WTI is moving inside a bullish price channel but momentum indicators have changed their direction towards bearish side.
Chart with supports & resistances:
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