Technical analysis WTI for 06.06.2022
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 ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 115.75. The closest resistance is the level 119.50
Key levels
- 126.75, 123.25, 119.50, 115.75, 112.00, 107.25
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 115.75, with Take Profit of 119.50 and Stop Loss of 112.00
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 112.00, with Take Profit of 107.25 and Stop Loss of 115.75
Scenario
Recommendation
BUY LIMIT
Entry Point
115.75
Take Profit
119.50
Stop Loss
112.00
Key Levels
126.75, 123.25, 119.50, 115.75, 112.00, 107.25
Alternative scenario
Recommendation
SELL STOP
Entry Point
112.00
Take Profit
107.25
Stop Loss
115.75
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.