Technical analysis WTI for 13.09.2022
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span crosses from top to bottom the price chart
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span crosses from top to bottom the price chart. In this case, the cloud turned over from descending to ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 89.05. The closest support is the level 84.40
Key levels
- 93.65, 91.35, 89.05, 84.40, 81.75, 79.40
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 89.05, with Take Profit of 91.35 and Stop Loss of 86.50
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 84.40, with Take Profit of 81.75 and Stop Loss of 86.50
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.