Technical analysis WTI for 17.06.2022
17.06.2022 18:39
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart. In this case, the cloud turned over from ascending to descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 107. The closest resistance is the level 109.75
Key levels
- 117.75, 114.75, 112, 109.75, 107, 104.25
Trading scenario
- Recommended opening short positions (Sell) at the current price, with Take Profit of 107 and Stop Loss of 109.75
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 112, with Take Profit of 114.75 and Stop Loss of 109.50
Scenario
Recommendation
SELL
Entry Point
Take Profit
107
Stop Loss
109.75
Key Levels
117.75, 114.75, 112, 109.75, 107, 104.25
Alternative scenario
Recommendation
BUY STOP
Entry Point
112
Take Profit
114.75
Stop Loss
109.50