Technical analysis WTI for 29.11.2021
The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 69.50. The closest resistance is the level 74.00
Key levels
- 84.80, 80.65, 78.15, 74.00, 71.40, 69.50, 67.30
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 71.40, with Take Profit of 69.50 and Stop Loss of 72.80
Alternative scenario
- Recommended opening short positions (Sell Limit) from the level of 74.00, with Take Profit of 71.40 and Stop Loss of 76.15
Nikolai Krishtopov is a Market Analyst at Investizo with more than 15 years of experience in the financial markets industry and over a decade of trading experience. His areas of focus include forex and crypto markets, technical analysis, intraday trading and market behaviour.