Technical analysis WTI for 11.05.2023
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 adjusted to the Kijun-sen line. The closest resistance is the level 73.60. The closest support is the level 70.45
Key levels
- 77.90, 75.70, 73.60, 70.45, 68.85, 66.85
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 73.60, with Take Profit of 75.70 and Stop Loss of 72.00
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 70.45, with Take Profit of 68.85 and Stop Loss of 72.00
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.