Technical analysis WTI for 13.06.2023

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 traded between Tenkan-se and Kijun-sen lines. The closest support is the level 69.25. The closest resistance is the level 71.00

Key levels

• 72.25, 71.00, 69.25, 68.00, 66.00

Trading scenario

• Recommended opening long positions (Buy) at the current price, with Take Profit of 71.00 and Stop Loss of 69.25

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 69.25, with Take Profit of 68.00 and Stop Loss of 70.00