Technical analysis WTI for 26.05.2023
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses bottom upward the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses bottom upward the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 73.45. The closest support is the level 71.00
Key levels
- 76.60, 74.90, 73.45, 71.00, 70.05, 68.85
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 73.45, with Take Profit of 74.90 and Stop Loss of 72.00
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 71.00, with Take Profit of 70.05 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.