Technical analysis WTI for 01.07.2022
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses from top to bottom the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses from top to bottom the price chart. In this case, the cloud is ready to roll over from descending to ascending. Instrument entered the cloud. The closest support is the level 104.65. The closest resistance is the level 106.90
Key levels
- 116.00, 112.65, 110.35, 108.55, 106.90, 104.65, 101.10
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 106.90, with Take Profit of 110.35 and Stop Loss of 104.65
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 104.65, with Take Profit of 101.10 and Stop Loss of 106.90
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.