Technical analysis WTI for 26.05.2022
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 resistance is the level 115.85. The closest support is the level 111.00
Key levels
- 123.05, 118.80, 115.85, 111.00, 108.00, 105.00
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 115.85, with Take Profit of 118.80 and Stop Loss of 113.00
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 111.00, with Take Profit of 108.00 and Stop Loss of 113.00
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.