Technical analysis WTI for 10.12.2021

The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 70.80. The closest resistance is the level 73.00

Key levels

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

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 70.80, with Take Profit of 73.00 and Stop Loss of 69.10

Alternative scenario

• Recommended opening short positions (Sell Limit) from the level of 73.00, with Take Profit of 70.80 and Stop Loss of 74.65