Technical analysis WTI for 16.12.2021

The Tenkan-sen line is located below the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 73. The closest support is the level 70.85

Key levels

• 79.00,76.50, 74.85, 73.00, 70.85, 69.00, 67.25, 65.40, 63.60

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 70.85, with Take Profit of 73.00 and Stop Loss of 69.00

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 69.00, with Take Profit of 67.25 and Stop Loss of 70.85