Technical analysis WTI for 09.06.2023

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is ascending. Instrument adjusted to the Kijun-sen line. The closest resistance is the level 74.25. The closest support is the level 68.50

Key levels

• 82.50, 78.80, 74.25, 68.50, 62.40, 54.80

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 74.25, with Take Profit of 78.80 and Stop Loss of 71.50

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 68.50, with Take Profit of 62.40 and Stop Loss of 71.50