Technical analysis WTI for 25.05.2022

The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed above the price chart. In this case, the cloud is ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 108.00. The closest resistance is the level 111.00

Key levels

• 115.82, 111.00, 108.00, 105.00, 103.10, 100.10, 97.20

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 111.00, with Take Profit of 115.85 and Stop Loss of 108.00

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 108.00, with Take Profit of 105.00 and Stop Loss of 111.00