Technical analysis WTI for 21.10.2024

The Tenkan-sen line is located below the Kijun-sen line. Blue is directed downward, while red remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support and resistance levels are Tenkan-se and Kijun-sen, respectively. The closest support and resistance levels are Kijun-sen and Tenkan-se, respectively

Key levels

68.93, 69.39, 69.70, 73.19, 73.74

Trading scenario

Recommended opening long positions (Buy) at the current price, with Take Profit of 69.70 and Stop Loss of 68.93

Alternative scenario

Recommended opening short positions (Sell Limit) from the level of 69.39, with Take Profit of 68.93 and Stop Loss of 69.70