Technical analysis WTI for 09.02.2022

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 ready to roll over from ascending to descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 87.00. The closest resistance is the level 88.15

Key levels

• 91.75, 89.50, 88.15, 87.00, 85.90, 84.50, 82.30

Trading scenario

• Recommended opening short positions (Sell Limit) from the level of 88.15, with Take Profit of 85.90 and Stop Loss of 89.50

Alternative scenario

• Recommended opening long positions (Buy Limit) from the level of 85.90, with Take Profit of 88.15 and Stop Loss of 84.50