Technical analysis WTI for 21.10.2022
21.10.2022 17:13
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed above the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 84.75. The closest resistance is the level 85.75
Key levels
- 87.00, 85.75, 84.75, 83.50, 81.75
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 85.75, with Take Profit of 87.00 and Stop Loss of 84.75
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 84.75, with Take Profit of 83.50 and Stop Loss of 85.75
Scenario
Recommendation
BUY STOP
Entry Point
85.75
Take Profit
87.00
Stop Loss
84.75
Key Levels
87.00, 85.75, 84.75, 83.50, 81.75
Alternative scenario
Recommendation
SELL STOP
Entry Point
84.75
Take Profit
83.50
Stop Loss
85.75