Technical analysis WTI for 02.03.2022
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 103.65. The closest resistance is the level 108.15
Key levels
- 120.75, 114.05, 110.60, 108.15, 103.65, 99.20, 96.00, 92.85, 84.90
Trading scenario
- Recommended opening short positions (Sell) at the current price, with Take Profit of 99.20 and Stop Loss of 110.80
Alternative scenario
- Recommended opening long positions (Buy Limit) from the level of 99.20, with Take Profit of 108.15 and Stop Loss of 96.00
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.