Technical analysis WTI for 04.09.2024
04.09.2024 17:46
Intraday
Technical
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 is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 69.50. The closest resistance is the level 70.50
Key levels
- 72.75, 71.50, 70.50, 69.50, 68.50
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 70.50, with Take Profit of 69.50 and Stop Loss of 71.50
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 71.50, with Take Profit of 72.75 and Stop Loss of 70.50
Scenario
Recommendation
SELL LIMIT
Entry Point
70.50
Take Profit
69.50
Stop Loss
71.50
Key Levels
72.75, 71.50, 70.50, 69.50, 68.50
Alternative scenario
Recommendation
BUY STOP
Entry Point
71.50
Take Profit
72.75
Stop Loss
70.50