Technical analysis WTI for 25.03.2022
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Red points downwards while blue points upwards. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Red points downwards while blue points upwards. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument entered the cloud. The closest resistance is the level 110.50. The closest support is the level 107.80
Key levels
- 117.55, 115.20, 112.65, 110.50, 107.80, 104.95, 102.15, 99.45
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 107.80, with Take Profit of 104.95 and Stop Loss of 110.50
Alternative scenario
- Recommended opening long positions (Buy Limit) from the level of 104.95, with Take Profit of 107.80 and Stop Loss of 102.15
Scenario
Recommendation
SELL STOP
Entry Point
107.80
Take Profit
104.95
Stop Loss
110.50
Key Levels
117.55, 115.20, 112.65, 110.50, 107.80, 104.95, 102.15, 99.45
Alternative scenario
Recommendation
BUY LIMIT
Entry Point
104.95
Take Profit
107.80
Stop Loss
102.15
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.