Technical analysis WTI for 28.04.2023

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 traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 77.30. The closest support is the level 74.55

Key levels

• 80.75, 78.85, 77.30, 74.55, 73.25, 71.60

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 77.30, with Take Profit of 78.85 and Stop Loss of 75.75

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 74.55, with Take Profit of 73.25 and Stop Loss of 75.75