Technical analysis WTI for 08.07.2022
The Tenkan-sen line is located below 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 trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 101.00. The closest resistance is the level 102.75
Key levels
- 107.75, 105.25, 102.75, 101.00, 98.00, 93.75
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 102.75, with Take Profit of 105.25 and Stop Loss of 101.00
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 101.00, with Take Profit of 98.00 and Stop Loss of 102.75