Technical analysis WTI for 10.05.2022
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart. In this case, the cloud turned over from ascending to descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 100.60. The closest support is the level 97.00
Key levels
- 106.00, 103.20, 100.60, 97.00, 94.70, 91.50
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 100.60, with Take Profit of 103.20 and Stop Loss of 99.00
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 97.00, with Take Profit of 94.70 and Stop Loss of 99.00