Technical analysis WTI for 17.09.2024
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 69.50. The closest resistance is the level 70.50
Key levels
- 71.50, 70.50, 69.50, 68.75, 67.75
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 70.50, with Take Profit of 71.50 and Stop Loss of 69.50
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 68.75, with Take Profit of 67.75 and Stop Loss of 69.50
Scenario
Recommendation
BUY STOP
Entry Point
70.50
Take Profit
71.50
Stop Loss
69.50
Key Levels
71.50, 70.50, 69.50, 68.75, 67.75
Alternative scenario
Recommendation
SELL STOP
Entry Point
68.75
Take Profit
67.75
Stop Loss
69.50
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.