Technical analysis WTI for 25.10.2024

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 descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the lower border of the cloud. The closest support and resistance levels are Tenkan-se and Kijun-sen, respectively

Key levels

68.18, 69.58, 71.14, 72.12, 73.42

Trading scenario

Recommended opening long positions (Buy) at the current price, with Take Profit of 72.12 and Stop Loss of 68.18

Alternative scenario

Recommended opening long positions (Buy Stop) from the level of 71.14, with Take Profit of 73.42 and Stop Loss of 69.58