Technical analysis WTI for 09.06.2023
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 ascending. Instrument adjusted to the Kijun-sen line. The closest resistance is the level 74.25. The closest support is the level 68.50
Key levels
- 82.50, 78.80, 74.25, 68.50, 62.40, 54.80
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 74.25, with Take Profit of 78.80 and Stop Loss of 71.50
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 68.50, with Take Profit of 62.40 and Stop Loss of 71.50
Scenario
Recommendation
BUY STOP
Entry Point
74.25
Take Profit
78.80
Stop Loss
71.50
Key Levels
82.50, 78.80, 74.25, 68.50, 62.40, 54.80
Alternative scenario
Recommendation
SELL STOP
Entry Point
68.50
Take Profit
62.40
Stop Loss
71.50
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.