Technical analysis WTI for 03.05.2023
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 71.45. The closest support is the level 66.75
Key levels
- 76.65, 74.50, 71.45, 66.75, 62.75, 59.75
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 71.45, with Take Profit of 74.50 and Stop Loss of 68.30
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 66.75, with Take Profit of 62.75 and Stop Loss of 68.30
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.