Technical analysis WTI for 30.03.2022

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud turned over from ascending to descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 105.25. The closest resistance is the level 109.30

Key levels

• 126.55, 118.40, 113.30, 109.30, 105.25, 100.20, 92.15

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 109.30, with Take Profit of 113.30 and Stop Loss of 105.25

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 105.25, with Take Profit of 100.20 and Stop Loss of 109.30