Technical analysis WTI for 22.06.2023

The Tenkan-sen line crosses from top to bottom the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 71.60. The closest support is the level 69.20

Key levels

• 73.30, 72.50, 71.60, 69.20, 68.40, 67.60

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 71.60, with Take Profit of 72.50 and Stop Loss of 70.50

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 69.20, with Take Profit of 68.40 and Stop Loss of 70.50