Technical analysis WTI for 22.06.2023
The Tenkan-sen line crosses from top to bottom the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line crosses from top to bottom the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below 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 71.60. The closest support is the level 69.20
Key levels
- 73.30, 72.50, 71.60, 69.20, 68.40, 67.60
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 71.60, with Take Profit of 72.50 and Stop Loss of 70.50
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 69.20, with Take Profit of 68.40 and Stop Loss of 70.50
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.