Technical analysis WTI for 06.07.2022
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. 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 92.65. The closest resistance is the level 95.00
Key levels
- 107.30, 102.70, 98.00, 95.00, 92.65, 89.40
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 92.65, with Take Profit of 89.40 and Stop Loss of 95.00
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 95.00, with Take Profit of 98.00 and Stop Loss of 92.65
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.