Technical analysis WTI for 11.10.2023
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 84.25. The closest resistance is the level 85.75
Key levels
- 87.00, 85.75, 84.25, 83.25, 81.25
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 84.25, with Take Profit of 85.75 and Stop Loss of 83.25
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 83.25, with Take Profit of 81.25 and Stop Loss of 84.25
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.