Technical analysis WTI for 20.07.2022

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 is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 100.40. The closest support is the level 98.05

Key levels

• 103.85, 102.15, 100.40, 98.05, 96.20, 94.35

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 100.40, with Take Profit of 102.15 and Stop Loss of 99.10

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 98.05, with Take Profit of 96.20 and Stop Loss of 99.10