Technical analysis WTI for 29.12.2021
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 75.60. The closest resistance is the level 76.70
Key levels
- 80.35, 79.00, 77.60, 76.70, 75.60, 73.50, 71.80, 70.00, 68.00, 66.05, 64.60
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 76.70, with Take Profit of 79.00 and Stop Loss of 75.60
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 75.60, with Take Profit of 73.50 and Stop Loss of 76.50