Technical analysis WTI for 21.10.2024

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 69.75. The closest resistance is the level 71.00

Key levels

• 72.50, 71.00, 69.75, 69.00, 67.50

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 69.75, with Take Profit of 71.00 and Stop Loss of 69.00

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 69.00, with Take Profit of 67.50 and Stop Loss of 69.75