Under Pressure
Our Pivot: 50.60
Our Preference: Short sell below 50.13 with strict stop loss of 50.60 and profit target at 49.35 with extension towards 48.90.
Alternate Scenario: Downward penetration of 50.60 will call for 51.30.
NOTE: WTI is being capped by a resistant trend line on hourly chart.
Chart with supports & resistances:
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