Technical analysis WTI for 10.05.2023
10.05.2023 17:14
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are 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 71.75. The closest resistance is the level 72.75
Key levels
- 75.00, 73.75, 72.75, 71.75, 70.75, 69.50
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 71.75, with Take Profit of 70.75 and Stop Loss of 72.75
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 72.75, with Take Profit of 73.75 and Stop Loss of 71.75
Scenario
Recommendation
SELL STOP
Entry Point
71.75
Take Profit
70.75
Stop Loss
72.75
Key Levels
75.00, 73.75, 72.75, 71.75, 70.75, 69.50
Alternative scenario
Recommendation
BUY STOP
Entry Point
72.75
Take Profit
73.75
Stop Loss
71.75