Technical analysis WTI for 25.03.2022
The Tenkan-sen line is located above the Kijun-sen line. Red points downwards while blue points upwards. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument entered the cloud. The closest resistance is the level 110.50. The closest support is the level 107.80
Key levels
- 117.55, 115.20, 112.65, 110.50, 107.80, 104.95, 102.15, 99.45
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 107.80, with Take Profit of 104.95 and Stop Loss of 110.50
Alternative scenario
- Recommended opening long positions (Buy Limit) from the level of 104.95, with Take Profit of 107.80 and Stop Loss of 102.15