Technical analysis WTI for 27.04.2022

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 is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 102.50. The closest support is the level 98.50

Key levels

• 110.75, 107.00, 102.50, 98.50, 93.50, 87.50

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 102.50, with Take Profit of 107.00 and Stop Loss of 100.00

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 98.50, with Take Profit of 93.50 and Stop Loss of 100.00