Technical analysis WTI for 02.12.2021

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 65.10. The closest resistance is the level 67.25

Key levels

• 83.50, 81.35, 78.60, 76.40, 74.65, 73.00, 70.80, 69.10, 67.25, 65.10, 63.60, 61.75

Trading scenario

• Recommended opening short positions (Sell Limit) from the level of 67.25, with Take Profit of 65.10 and Stop Loss of 68

Alternative scenario

• Recommended opening short positions (Sell Limit) from the level of 65.10, with Take Profit of 69.10 and Stop Loss of 63.60