Technical analysis WTI for 10.08.2022

The Tenkan-sen line is located above the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument adjusted to the Kijun-sen line. The closest resistance is the level 89.80. The closest support is the level 87.40

Key levels

• 92.50, 91.20, 89.80, 87.40, 85.90, 84.70

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 89.80, with Take Profit of 91.20 and Stop Loss of 89.00

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 87.40, with Take Profit of 85.90 and Stop Loss of 89.00