Technical analysis WTI for 19.01.2022
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart
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 trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 84.85. The closest resistance is the level 87.30
Key levels
- 91.25, 87.30, 84.85, 83.70, 82.30, 81.00, 79.70, 78.00, 76.40
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 84.85, with Take Profit of 87.30 and Stop Loss of 83.70
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 83.70, with Take Profit of 81.00 and Stop Loss of 84.85
Scenario
Recommendation
BUY LIMIT
Entry Point
84.85
Take Profit
87.30
Stop Loss
83.70
Key Levels
91.25, 87.30, 84.85, 83.70, 82.30, 81.00, 79.70, 78.00, 76.40
Alternative scenario
Recommendation
SELL STOP
Entry Point
83.70
Take Profit
81.00
Stop Loss
84.85
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.