Technical analysis WTI for 20.12.2021
The Tenkan-sen line is located below the Kijun-sen line. Both lines are 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 resistance is the level 69.10. The closest support is the level 67.25
Key levels
- 78.60, 76.40, 74.65, 73.00, 70.80, 69.10, 67.25, 65.10, 63.60
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 67.25, with Take Profit of 65.10 and Stop Loss of 69.10
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 70.80, with Take Profit of 73.00 and Stop Loss of 69.50