Technical analysis WTI for 11.02.2022
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 is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 88.50. The closest resistance is the level 91.50
Key levels
- 93.50, 91.50, 88.50, 86.00, 83.50, 81.75, 79.75, 78.00
Trading scenario
- Recommended opening long positions (Buy) at the current price, with Take Profit of 91.50 and Stop Loss of 88.50
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 88.50, with Take Profit of 86.00 and Stop Loss of 89.50