Technical analysis WTI for 17.09.2024

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 trading above 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

• 71.50, 70.50, 69.50, 68.75, 67.75

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 70.50, with Take Profit of 71.50 and Stop Loss of 69.50

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 68.75, with Take Profit of 67.75 and Stop Loss of 69.50