Technical analysis WTI for 27.06.2022
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 traded between Tenkan-se and Kijun-sen lines. The closest support is the level 106.50. The closest resistance is the level 108.50Key levels
Key levels
- 111, 108.50, 106.50, 104.50, 102
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 108.50, with Take Profit of 111 and Stop Loss of 106.50
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 106.50, with Take Profit of 104.50 and Stop Loss of 108.50
Scenario
Recommendation
BUY STOP
Entry Point
108.50
Take Profit
111
Stop Loss
106.50
Key Levels
111, 108.50, 106.50, 104.50, 102
Alternative scenario
Recommendation
SELL STOP
Entry Point
106.50
Take Profit
104.50
Stop Loss
108.50
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.