Under Pressure
Our Pivot: 46.50
Our Preference: Short sell below 45.75 and average it out till 46.13 with strict stop loss of 46.50 and profit target at 45.00 with extension towards 44.60.
Alternate Scenario: Upward penetration of 46.50 will call for 46.80 and 47.30.
NOTE: WTI is moving downward for correction after facing rejection from a major resistant trend line on daily chart.
Chart with supports & resistances:
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