Technical analysis WTI for 16.05.2022
16.05.2022 18:40
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains 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 108.25. The closest resistance is the level 110.00
Key levels
- 113.00, 111.75, 110.00, 108.25, 106.75, 105.00
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 110.00, with Take Profit of 111.75 and Stop Loss of 108.25
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 108.25, with Take Profit of 106.75 and Stop Loss of 108.80
Scenario
Recommendation
BUY STOP
Entry Point
110.00
Take Profit
111.75
Stop Loss
108.25
Key Levels
113.00, 111.75, 110.00, 108.25, 106.75, 105.00
Alternative scenario
Recommendation
SELL STOP
Entry Point
108.25
Take Profit
106.75
Stop Loss
108.80