Technical analysis WTI for 22.05.2023
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 ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 71.00. The closest resistance is the level 72.00

Key levels
- 73.00, 72.00, 71.00, 70.00, 69.01
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 71.00, with Take Profit of 70.00 and Stop Loss of 72.00
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 72.00, with Take Profit of 73.00 and Stop Loss of 71.00