Technical analysis WTI for 31.08.2022
The Tenkan-sen line approaches above the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line approaches above the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 91.60. The closest support is the level 88.60
Key levels
- 95.50, 94.00, 91.60, 88.60, 86.65, 84.70
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 91.60, with Take Profit of 94.00 and Stop Loss of 90.00
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 88.60, with Take Profit of 86.65 and Stop Loss of 90.00
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.