Technical analysis WTI for 14.11.2022
14.11.2022 17:14
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 below the price chart. In this case, the cloud is descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 87.25. The closest resistance is the level 89.00
Key levels
- 91.25, 89.00, 87.25, 85.50, 82.50
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 87.25, with Take Profit of 85.50 and Stop Loss of 89.00
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 89.00, with Take Profit of 91.25 and Stop Loss of 87.25
Scenario
Recommendation
SELL STOP
Entry Point
87.25
Take Profit
85.50
Stop Loss
89.00
Key Levels
91.25, 89.00, 87.25, 85.50, 82.50
Alternative scenario
Recommendation
BUY STOP
Entry Point
89.00
Take Profit
91.25
Stop Loss
87.25