Technical analysis WTI for 02.12.2022

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 support is the level 79.50. The closest resistance is the level 81.75

Key levels

• 86.50, 84.25, 81.75, 79.50, 76.50

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 81.75, with Take Profit of 84.25 and Stop Loss of 79.50

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 79.50, with Take Profit of 76.50 and Stop Loss of 81.75