Turning Down
Our Pivot: 74.65
Our Preference: Short sell WTI below 74.18 with strict stop loss of 74.65 and profit target at 73.40 with extension towards 72.95.
Alternate Scenario: Upward penetration of 74.65 will call for 75.00 and 75.40.
NOTE: WTI is being capped by its correction levels of its previous bearish rally.
Chart with supports & resistances:
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