Technical analysis WTI for 08.09.2022
08.09.2022 18:08
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 86.25. The closest support is the level 81.75
Key levels
- 91.35, 89.05, 86.25, 81.75, 79.05, 76.80
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 86.25, with Take Profit of 89.05 and Stop Loss of 93.90
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 81.75, with Take Profit of 79.05 and Stop Loss of 93.90
Scenario
Recommendation
BUY STOP
Entry Point
86.25
Take Profit
89.05
Stop Loss
93.90
Key Levels
91.35, 89.05, 86.25, 81.75, 79.05, 76.80
Alternative scenario
Recommendation
SELL STOP
Entry Point
81.75
Take Profit
79.05
Stop Loss
93.90