Technical analysis WTI for 07.03.2022
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 ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 111. The closest resistance is the level 123
Key levels
- 129, 123, 111, 106, 101, 96.50, 93.50, 90.50
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 123, with Take Profit of 129 and Stop Loss of 119
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 111, with Take Profit of 106 and Stop Loss of 113