Technical analysis WTI for 27.06.2024

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed below the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 80.25. The closest resistance is the level 81.00

Key levels

• 81.75, 81.00, 80.25, 79.75, 79.00

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 80.25, with Take Profit of 81.00 and Stop Loss of 79.75

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 79.75, with Take Profit of 79.00 and Stop Loss of 80.25