Technical analysis WTI for 25.05.2022
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed above the price chart. In this case, the cloud is ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 108.00. The closest resistance is the level 111.00
Key levels
- 115.82, 111.00, 108.00, 105.00, 103.10, 100.10, 97.20
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 111.00, with Take Profit of 115.85 and Stop Loss of 108.00
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 108.00, with Take Profit of 105.00 and Stop Loss of 111.00
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.