Technical analysis WTI for 14.06.2022

The Tenkan-sen line is located below 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 117.75. The closest resistance is the level 120.75

Key levels

• 126.75, 123.75, 120.75, 117.75, 115.75, 113.50

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 120.75, with Take Profit of 123.75 and Stop Loss of 117.75

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 117.75, with Take Profit of 115.75 and Stop Loss of 118.80