Technical analysis WTI for 06.06.2022
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 trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 115.75. The closest resistance is the level 119.50
Key levels
- 126.75, 123.25, 119.50, 115.75, 112.00, 107.25
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 115.75, with Take Profit of 119.50 and Stop Loss of 112.00
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 112.00, with Take Profit of 107.25 and Stop Loss of 115.75