WTI flags bearish below the weekly pivot

WTI flags bearish below the weekly pivot

Key Resistance: 62.00
Key Support: 59.50

WTI dipped hard last week in a -12.29 move from high to low and this Sunday opened flat but the upside is capped by the 61.50 to 62.00 level which confluences with the weekly pivot.

This level is also a previous key level from back in February that also capped WTI prices.

We are targeting the previous weekly lows on a day trade on this great short setup for a bearish continuation.

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Author : Orlando Gutierrez

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