Technical analysis WTI for 08.10.2024

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