Technical analysis WTI for 19.09.2022
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 turned over from ascending to descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 83.25. The closest resistance is the level 85.75
Key levels
- 90.75, 88.25, 85.75, 83.25, 80.75, 78.00
Trading scenario
- Recommended opening long positions (Buy) at the current price, with Take Profit of 85.75 and Stop Loss of 83.25
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 80.75, with Take Profit of 78.00 and Stop Loss of 82.20
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.