Technical analysis WTI for 21.10.2024
21.10.2024 16:22
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 69.75. The closest resistance is the level 71.00
Key levels
- 72.50, 71.00, 69.75, 69.00, 67.50
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 69.75, with Take Profit of 71.00 and Stop Loss of 69.00
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 69.00, with Take Profit of 67.50 and Stop Loss of 69.75
Scenario
Recommendation
BUY LIMIT
Entry Point
69.75
Take Profit
71.00
Stop Loss
69.00
Key Levels
72.50, 71.00, 69.75, 69.00, 67.50
Alternative scenario
Recommendation
SELL STOP
Entry Point
69.00
Take Profit
67.50
Stop Loss
69.75