Technical analysis WTI for 31.05.2022
The Tenkan-sen line is located above the Kijun-sen line. Both lines are 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 resistance is the level 118.40. The closest support is the level 113.30
Key levels
- 126.55, 123.20, 118.40, 113.30, 109.30, 105.25
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 118.40, with Take Profit of 123.20 and Stop Loss of 115.00
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 113.30, with Take Profit of 109.30 and Stop Loss of 115.00