Technical analysis WTI for 03.01.2024
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 70.00. The closest resistance is the level 71.25

Key levels
- 74.00, 72.75, 71.25, 70.00, 68.50
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 71.25, with Take Profit of 72.75 and Stop Loss of 70.00
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 70.00, with Take Profit of 68.50 and Stop Loss of 71.25