Technical analysis WTI for 30.05.2024

The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, 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 78.00. The closest resistance is the level 79.00

Key levels

• 80.00, 79.00, 78.00, 77.50, 76.00

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 78.00, with Take Profit of 79.00 and Stop Loss of 77.50

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 77.50, with Take Profit of 76.00 and Stop Loss of 78.00