Technical analysis Brent for 13.12.2021

The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 75.50. The closest support is the level 73.50

Key levels

• 85.75, 81.75, 77.75, 75.50, 73.50, 71.25, 69.25, 65.75

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 77.75, with Take Profit of 81.75 and Stop Loss of 75.50

Alternative scenario

• Recommended opening long positions (Buy) at the current price, with Take Profit of 77.75 and Stop Loss of 73.50