Technical analysis WTI for 22.06.2022
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 102. The closest resistance is the level 104.50
Key levels
- 108.50, 106.5, 104.50, 102, 100, 97.50
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 104.50, with Take Profit of 102 and Stop Loss of 106.50
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 106.50, with Take Profit of 108.50 and Stop Loss of 104.50