Further Advance
Our Pivot: 48.60
Our Preference: Buy above 49.15 and average it out till 48.90 with strict stop loss of 48.60 and profit target at 50.00 with extension towards 50.36.
Alternate Scenario: Downward penetration of 48.00 will call for 47.50.
NOTE: WTI have given bullish breakout of its triangle now a dip is expected for retesting of that triangle and then it would start a new bullish rally.
Chart with supports & resistances:
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