Technical analysis WTI for 15.09.2022

The Tenkan-sen line is located above the Kijun-sen line. Red is directed up, while blue is directed down. Confirmatory line Chikou Span crosses from top to bottom the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 83.60. The closest resistance is the level 85.70

Key levels

• 95.35, 90.05, 85.70, 83.60, 81.10, 77.90 ,73.00

Trading scenario

• Recommended opening short positions (Sell Stop) from the level of 83.60, with Take Profit of 81.10 and Stop Loss of 85.70

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 85.70, with Take Profit of 90.05 and Stop Loss of 83.60