Technical analysis WTI for 02.12.2021
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart
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 descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 65.10. The closest resistance is the level 67.25
Key levels
- 83.50, 81.35, 78.60, 76.40, 74.65, 73.00, 70.80, 69.10, 67.25, 65.10, 63.60, 61.75
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 67.25, with Take Profit of 65.10 and Stop Loss of 68
Alternative scenario
- Recommended opening short positions (Sell Limit) from the level of 65.10, with Take Profit of 69.10 and Stop Loss of 63.60
Scenario
Recommendation
SELL LIMIT
Entry Point
67.25
Take Profit
65.10
Stop Loss
68
Key Levels
83.50, 81.35, 78.60, 76.40, 74.65, 73.00, 70.80, 69.10, 67.25, 65.10, 63.60,61.75
Alternative scenario
Recommendation
SELL LIMIT
Entry Point
65.10
Take Profit
69.10
Stop Loss
63.60
Author
Nikolai Krishtopov
Market Analyst & Marketing Manager, Investizo
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.