Technical analysis WTI for 08.10.2024
08.10.2024 15:27
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 traded between Tenkan-se and Kijun-sen lines. The closest support is the level 74.75. The closest resistance is the level 76.00
Key levels
- 77.00, 76.00, 74.75, 74.00, 72.50
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 74.75, with Take Profit of 76.00 and Stop Loss of 74.00
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 74.00, with Take Profit of 72.50 and Stop Loss of 74.75
Scenario
Recommendation
BUY LIMIT
Entry Point
74.75
Take Profit
76.00
Stop Loss
74.00
Key Levels
77.00, 76.00, 74.75, 74.00, 72.50
Alternative scenario
Recommendation
SELL STOP
Entry Point
74.00
Take Profit
72.50
Stop Loss
74.75