Technical analysis WTI for 14.10.2024
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 turned over from ascending to descending. Instrument is trading above the Tenkan-se and Kijun-sen lines
Key levels
71.58, 73.34, 74.36, 75.17, 76.92
Trading scenario
Recommended opening long positions (Buy Limit) from the level of 73.34, with Take Profit of 76.92 and Stop Loss of 71.58
Alternative scenario
Recommended opening short positions (Sell Limit) from the level of 74.36, with Take Profit of 71.58 and Stop Loss of 75.17
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.