Technical analysis WTI for 18.05.2023
18.05.2023 01:40
Intraday
Technical
The Tenkan-sen line is located above 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 resistance is the level 75.70. The closest support is the level 71.50
Key levels
- 81.30, 78.80, 75.70, 71.50, 68.90, 66.90
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 75.70, with Take Profit of 78.80 and Stop Loss of 73.70
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 71.50, with Take Profit of 68.90 and Stop Loss of 73.70
Scenario
Recommendation
BUY STOP
Entry Point
75.70
Take Profit
78.80
Stop Loss
73.70
Key Levels
81.30, 78.80, 75.70, 71.50, 68.90, 66.90
Alternative scenario
Recommendation
SELL STOP
Entry Point
71.50
Take Profit
68.90
Stop Loss
73.70