Technical analysis WTI for 28.07.2023

The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. 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 81.25

Key levels

• 82.50, 81.25, 79.50, 78.50, 77.00

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 79.50, with Take Profit of 81.25 and Stop Loss of 78.50

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 78.50, with Take Profit of 77.00 and Stop Loss of 79.50