Technical analysis WTI for 26.10.2022
Intraday
Technical
Tenkan-sen and Kijun-sen lines are merged. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart
Tenkan-sen and Kijun-sen lines are merged. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ready to roll over from descending to ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 86.00. The closest resistance is the level 88.00
Key levels
- 90.00, 88.00, 86.00, 84.00, 81.25
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 86.00, with Take Profit of 88.00 and Stop Loss of 84.00
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 84.00, with Take Profit of 81.25 and Stop Loss of 86.00
Scenario
Recommendation
BUY LIMIT
Entry Point
86.00
Take Profit
88.00
Stop Loss
84.00
Key Levels
90.00, 88.00, 86.00, 84.00, 81.25
Alternative scenario
Recommendation
SELL STOP
Entry Point
84.00
Take Profit
81.25
Stop Loss
86.00
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.