Technical analysis WTI for 08.06.2022
08.06.2022 18:54
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 121.45. The closest support is the level 117.75
Key levels
- 126.75, 123.25, 121.45, 117.75, 115.75, 112.00
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 121.45, with Take Profit of 123.25 and Stop Loss of 119.00
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 117.75, with Take Profit of 115.75 and Stop Loss of 119.00
Scenario
Recommendation
BUY STOP
Entry Point
121.45
Take Profit
123.25
Stop Loss
119.00
Key Levels
126.75, 123.25, 121.45, 117.75, 115.75, 112.00
Alternative scenario
Recommendation
SELL STOP
Entry Point
117.75
Take Profit
115.75
Stop Loss
119.00