Technical analysis WTI for 09.03.2022
The Tenkan-sen line is located above the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 113.15. The closest resistance is the level 115.65
Key levels
- 126.50, 121.40, 118.25, 115.65, 113.15, 109.90, 104.75
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 115.65, with Take Profit of 121.40 and Stop Loss of 113.15
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 113.15, with Take Profit of 109.90 and Stop Loss of 115.65
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.