Technical analysis WTI for 10.05.2022
10.05.2022 18:58
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart. In this case, the cloud turned over from ascending to descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 100.60. The closest support is the level 97.00
Key levels
- 106.00, 103.20, 100.60, 97.00, 94.70, 91.50
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 100.60, with Take Profit of 103.20 and Stop Loss of 99.00
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 97.00, with Take Profit of 94.70 and Stop Loss of 99.00
Scenario
Recommendation
BUY STOP
Entry Point
100.60
Take Profit
103.20
Stop Loss
99.00
Key Levels
106.00, 103.20, 100.60, 97.00, 94.70, 91.50
Alternative scenario
Recommendation
SELL STOP
Entry Point
97.00
Take Profit
94.70
Stop Loss
99.00