Technical analysis WTI for 25.10.2024
25.10.2024 09:45
Week
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the lower border of the cloud. The closest support and resistance levels are Tenkan-se and Kijun-sen, respectively
Key levels
68.18, 69.58, 71.14, 72.12, 73.42
Trading scenario
Recommended opening long positions (Buy) at the current price, with Take Profit of 72.12 and Stop Loss of 68.18
Alternative scenario
Recommended opening long positions (Buy Stop) from the level of 71.14, with Take Profit of 73.42 and Stop Loss of 69.58
Scenario
Recommendation
BUY
Entry Point
69.58
Take Profit
72.12
Stop Loss
68.18
Key Levels
68.18, 69.58, 71.14, 72.12, 73.42
Alternative scenario
Recommendation
BUY STOP
Entry Point
71.14
Take Profit
73.42
Stop Loss
69.58