Technical analysis WTI for 11.09.2024

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 64.00. The closest resistance is the level 66.75

Key levels

• 70.50, 68.25, 66.75, 64.00, 62.25

Trading scenario

• Recommended opening short positions (Sell Limit) from the level of 66.75, with Take Profit of 64.00 and Stop Loss of 68.25

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 68.25, with Take Profit of 70.50 and Stop Loss of 66.75