Technical analysis WTI for 14.06.2022
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located below 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 117.75. The closest resistance is the level 120.75
Key levels
- 126.75, 123.75, 120.75, 117.75, 115.75, 113.50
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 120.75, with Take Profit of 123.75 and Stop Loss of 117.75
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 117.75, with Take Profit of 115.75 and Stop Loss of 118.80
Scenario
Recommendation
BUY STOP
Entry Point
120.75
Take Profit
123.75
Stop Loss
117.75
Key Levels
126.75, 123.75, 120.75, 117.75, 115.75, 113.50
Alternative scenario
Recommendation
SELL STOP
Entry Point
117.75
Take Profit
115.75
Stop Loss
118.80
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.