Technical analysis WTI for 05.09.2022
The Tenkan-sen line is located below the Kijun-sen line. Red is directed up, while blue is directed down. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Red is directed up, while blue is directed down. 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 resistance is the level 90.20. The closest support is the level 86.25
Key levels
- 96.70, 93.65, 90.20, 86.25, 82.60, 79.10
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 90.20, with Take Profit of 93.65 and Stop Loss of 88.70
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 86.25, with Take Profit of 82.60 and Stop Loss of 88.70
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.