Technical analysis Brent for 08.02.2022

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 traded between Tenkan-se and Kijun-sen lines. The closest support is the level 91.20. The closest resistance is the level 93.40

Key levels

• 96.60, 93.40, 91.20, 89.90, 87.50, 86.45, 84.50

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 91.20, with Take Profit of 93.40 and Stop Loss of 89.90

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 89.90, with Take Profit of 87.50 and Stop Loss of 91.20