Technical analysis WTI for 27.01.2022

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 86.00. The closest resistance is the level 88.00

Key levels

• 90.50, 88.00, 86.00, 83.50, 81.75, 79.75, 78.00, 75.00, 72.00

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 88.00, with Take Profit of 90.50 and Stop Loss of 86.00

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 86.00, with Take Profit of 83.50 and Stop Loss of 88.00