Technical analysis WTI for 17.10.2024
17.10.2024 08:39
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support and resistance levels are Tenkan-se and Kijun-sen, respectively. The closest support and resistance levels are Kijun-sen and Tenkan-se, respectively
Key levels
69.89, 70.10, 70.21, 70.45, 72.21
Trading scenario
Recommended opening long positions (Buy Limit) from the level of 69.89, with Take Profit of 70.21 and Stop Loss of 69.55
Alternative scenario
Recommended opening long positions (Buy Stop) from the level of 70.20, with Take Profit of 72.21 and Stop Loss of 69.89
Scenario
Recommendation
BUY LIMIT
Entry Point
69.89
Take Profit
70.21
Stop Loss
69.55
Key Levels
69.89, 70.10, 70.21, 70.45, 72.21
Alternative scenario
Recommendation
BUY STOP
Entry Point
70.20
Take Profit
72.21
Stop Loss
69.89