Technical analysis WTI for 27.08.2024

The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 75.50. The closest resistance is the level 76.50

Key levels

• 79.00, 77.50, 76.50, 75.50, 74.50

Trading scenario

• Recommended opening short positions (Sell Stop) from the level of 75.50, with Take Profit of 74.50 and Stop Loss of 76.50

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 76.50, with Take Profit of 77.50 and Stop Loss of 75.50