Technical analysis WTI for 29.11.2022
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 76.75. The closest resistance is the level 79.50
Key levels
- 85.00, 81.75, 79.50, 76.75, 73.50
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 79.50, with Take Profit of 76.75 and Stop Loss of 81.75
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 81.75, with Take Profit of 85.00 and Stop Loss of 79.50
Scenario
Recommendation
SELL LIMIT
Entry Point
79.50
Take Profit
76.75
Stop Loss
81.75
Key Levels
85.00, 81.75, 79.50, 76.75, 73.50
Alternative scenario
Recommendation
BUY STOP
Entry Point
81.75
Take Profit
85.00
Stop Loss
79.50
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.