Technical analysis WTI for 24.02.2022
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 descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 93.75. The closest resistance is the level 99.25
Key levels
- 105, 102, 99.25, 93.75, 91.50, 89.75, 87.50, 86, 83.50
Trading scenario
- Recommended opening long positions (Buy) at the current price, with Take Profit of 99.25 and Stop Loss of 95.75
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 102, with Take Profit of 105 and Stop Loss of 99.25
Scenario
Recommendation
BUY
Entry Point
Take Profit
99.25
Stop Loss
95.75
Key Levels
105, 102, 99.25, 93.75, 91.50, 89.75, 87.50, 86, 83.50
Alternative scenario
Recommendation
BUY STOP
Entry Point
102
Take Profit
105
Stop Loss
99.25
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.