Technical analysis WTI for 27.06.2024

27.06.2024 01:03
Intraday
Technical

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed below the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 80.25. The closest resistance is the level 81.00

Key levels

  • 81.75, 81.00, 80.25, 79.75, 79.00

Trading scenario

  • Recommended opening long positions (Buy Limit) from the level of 80.25, with Take Profit of 81.00 and Stop Loss of 79.75

Alternative scenario

  • Recommended opening short positions (Sell Stop) from the level of 79.75, with Take Profit of 79.00 and Stop Loss of 80.25

Scenario
Recommendation
BUY LIMIT

Entry Point
80.25

Take Profit
81.00

Stop Loss
79.75

Key Levels
81.75, 81.00, 80.25, 79.75, 79.00
Alternative scenario
Recommendation
SELL STOP

Entry Point
79.75

Take Profit
79.00

Stop Loss
80.25