Technical analysis WTI for 26.01.2022

The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span crossed and fixed above 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 86.00. The closest resistance is the level 86.90

Key levels

• 90.10, 89.00, 88.20, 86.90, 86.00, 84.90, 83.60, 82.60, 81.70

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 86.90, with Take Profit of 88.20 and Stop Loss of 86.00

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 86.00, with Take Profit of 84.90 and Stop Loss of 86.90