Technical analysis WTI for 06.12.2021

The Tenkan-sen line is located above the Kijun-sen line. Red is directed up, while blue is directed down. Confirmatory line Chikou Span crosses bottom upward the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 67.25. The closest resistance is the level 69.10

Key levels

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

Trading scenario

• Recommended opening short positions (Sell) at the current price, with Take Profit of 65.10 and Stop Loss of 69.10

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 67.25, with Take Profit of 65.10 and Stop Loss of 68.00