Technical analysis WTI for 29.10.2024

The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 66.57. The closest support is the level 69.58

Key levels

64.78, 66.53, 69.58, 71.14, 73.42

Trading scenario

Recommended opening short positions (Sell Limit) from the level of 69.58, with Take Profit of 64.78 and Stop Loss of 71.14

Alternative scenario

Recommended opening long positions (Buy Limit) from the level of 66.53, with Take Profit of 73.42 and Stop Loss of 64.78