Technical analysis WTI for 22.06.2022
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 102. The closest resistance is the level 104.50
Key levels
- 108.50, 106.5, 104.50, 102, 100, 97.50
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 104.50, with Take Profit of 102 and Stop Loss of 106.50
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 106.50, with Take Profit of 108.50 and Stop Loss of 104.50
Scenario
Recommendation
SELL LIMIT
Entry Point
104.50
Take Profit
102
Stop Loss
106.50
Key Levels
108.50, 106.5, 104.50, 102, 100, 97.50
Alternative scenario
Recommendation
BUY STOP
Entry Point
106.50
Take Profit
108.50
Stop Loss
104.50
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.