Technical analysis WTI for 10.10.2024
The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 72.50. The closest resistance is the level 73.50
Key levels
- 74.75, 73.50, 72.50, 71.50, 70.50
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 73.50, with Take Profit of 74.75 and Stop Loss of 72.50
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 72.50, with Take Profit of 71.50 and Stop Loss of 73.50
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.