Technical analysis WTI for 17.03.2022
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 above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 100.70. The closest support is the level 98.25
Key levels
- 110.28, 107.20, 104.10, 100.70, 98.25, 95.80, 93.40, 88.85
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 100.70, with Take Profit of 98.25 and Stop Loss of 101.00
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 104.10, with Take Profit of 107.20 and Stop Loss of 103.20