Technical analysis WTI for 26.11.2021

The Tenkan-sen line crosses from top to bottom the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span crosses from top to bottom the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 76.60. The closest support is the level 74.60

Key levels

• 83.90, 81.90, 80.70, 79.50, 78.00, 76.60, 74.60, 73.30, 71.80

Trading scenario

• Recommended opening short positions (Sell Limit) from the level of 76.60, with Take Profit of 74.60 and Stop Loss of 78.00

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 74.60, with Take Profit of 73.30 and Stop Loss of 75.00