Technical analysis Brent for 28.01.2022

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 89.75. The closest resistance is the level 97.75

Key levels

• 94.00, 91.75, 88.75, 86.00, 83.50, 81.75, 79.50, 76.25, 73.50

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 88.75, with Take Profit of 91.75 and Stop Loss of 86.00

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 86.00, with Take Profit of 83.50 and Stop Loss of 87.95