Technical analysis WTI for 14.10.2024

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 turned over from ascending to descending. Instrument is trading above the Tenkan-se and Kijun-sen lines

Key levels

71.58, 73.34, 74.36, 75.17, 76.92

Trading scenario

Recommended opening long positions (Buy Limit) from the level of 73.34, with Take Profit of 76.92 and Stop Loss of 71.58

Alternative scenario

Recommended opening short positions (Sell Limit) from the level of 74.36, with Take Profit of 71.58 and Stop Loss of 75.17