Technical analysis WTI for 27.06.2022

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 traded between Tenkan-se and Kijun-sen lines. The closest support is the level 106.50. The closest resistance is the level 108.50Key levels

Key levels

• 111, 108.50, 106.50, 104.50, 102

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 108.50, with Take Profit of 111 and Stop Loss of 106.50

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 106.50, with Take Profit of 104.50 and Stop Loss of 108.50