Technical analysis WTI for 06.01.2022

The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. 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 support is the level 79.00. The closest resistance is the level 80.35

Key levels

• 81.70, 80.35, 79.00, 77.60, 76.70, 75.60, 73.50, 71.80, 70.00, 68.00, 66.05, 64.60

Trading scenario

• Recommended opening short positions (Sell Limit) from the level of 80.35, with Take Profit of 77.60 and Stop Loss of 81.70

Alternative scenario

• Recommended opening long positions (Buy Limit) from the level of 77.60, with Take Profit of 79.00 and Stop Loss of 76.70