Technical analysis WTI for 27.09.2022

The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. 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 77.75. The closest resistance is the level 81.50

Key levels

• 89.50, 86.00, 81.50, 77.75, 74.00, 69.25

Trading scenario

• Recommended opening short positions (Sell Stop) from the level of 77.75, with Take Profit of 74.00 and Stop Loss of 81.50

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 81.50, with Take Profit of 86.00 and Stop Loss of 77.75