Technical analysis WTI for 20.07.2022
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above 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 resistance is the level 100.40. The closest support is the level 98.05
Key levels
- 103.85, 102.15, 100.40, 98.05, 96.20, 94.35
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 100.40, with Take Profit of 102.15 and Stop Loss of 99.10
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 98.05, with Take Profit of 96.20 and Stop Loss of 99.10
Scenario
Recommendation
BUY STOP
Entry Point
100.40
Take Profit
102.15
Stop Loss
99.10
Key Levels
103.85, 102.15, 100.40, 98.05, 96.20, 94.35
Alternative scenario
Recommendation
SELL STOP
Entry Point
98.05
Take Profit
96.20
Stop Loss
99.10
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.