Technical analysis WTI for 22.02.2022

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 turned over from descending to ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 93.50. The closest resistance is the level 96.25

Key levels

• 99.25, 96.25, 93.50, 90.50, 87.75, 84.75, 82.50, 79.00

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 93.50, with Take Profit of 96.25 and Stop Loss of 91.15

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 90.50, with Take Profit of 87.75 and Stop Loss of 92.85