Technical analysis WTI for 06.01.2022
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 79.00. The closest resistance is the level 80.35
Key levels
- 81.70, 80.35, 79.00, 77.60, 76.70, 75.60, 73.50, 71.80, 70.00, 68.00, 66.05, 64.60
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 80.35, with Take Profit of 77.60 and Stop Loss of 81.70
Alternative scenario
- Recommended opening long positions (Buy Limit) from the level of 77.60, with Take Profit of 79.00 and Stop Loss of 76.70
Scenario
Recommendation
SELL LIMIT
Entry Point
80.35
Take Profit
77.60
Stop Loss
81.70
Key Levels
81.70, 80.35, 79.00, 77.60, 76.70, 75.60, 73.50, 71.80, 70.00, 68.00, 66.05, 64.60
Alternative scenario
Recommendation
BUY LIMIT
Entry Point
77.60
Take Profit
79.00
Stop Loss
76.70
Author
Nikolai Krishtopov
Market Analyst & Marketing Manager, Investizo
Nikolai Krishtopov is a Market Analyst at Investizo with more than 15 years of experience in the financial markets industry and over a decade of trading experience. His areas of focus include forex and crypto markets, technical analysis, intraday trading and market behaviour.