Technical analysis WTI for 13.06.2023
Intraday
Technical
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 is descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 69.25. The closest resistance is the level 71.00
Key levels
- 72.25, 71.00, 69.25, 68.00, 66.00
Trading scenario
- Recommended opening long positions (Buy) at the current price, with Take Profit of 71.00 and Stop Loss of 69.25
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 69.25, with Take Profit of 68.00 and Stop Loss of 70.00
Scenario
Recommendation
BUY
Entry Point
Take Profit
71.00
Stop Loss
69.25
Key Levels
72.25, 71.00, 69.25, 68.00, 66.00
Alternative scenario
Recommendation
SELL STOP
Entry Point
69.25
Take Profit
68.00
Stop Loss
70.00
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.