Technical analysis WTI for 02.12.2022
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 support is the level 79.50. The closest resistance is the level 81.75
Key levels
- 86.50, 84.25, 81.75, 79.50, 76.50
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 81.75, with Take Profit of 84.25 and Stop Loss of 79.50
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 79.50, with Take Profit of 76.50 and Stop Loss of 81.75
Scenario
Recommendation
BUY STOP
Entry Point
81.75
Take Profit
84.25
Stop Loss
79.50
Key Levels
86.50, 84.25, 81.75, 79.50, 76.50
Alternative scenario
Recommendation
SELL STOP
Entry Point
79.50
Take Profit
76.50
Stop Loss
81.75
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.