Technical analysis Brent for 14.02.2022

The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. 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 top of the cloud. The closest resistance is the level 93.40

Key levels

• 98.40, 96.90,94.50, 93.40, 92.40, 91.20, 89.90, 87.50, 86.45, 84.50

Trading scenario

• Recommended opening long positions (Buy) at the current price, with Take Profit of 94.50 and Stop Loss of 91.20

Alternative scenario

• Recommended opening short positions (Sell Limit) from the level of 96.90, with Take Profit of 94.50 and Stop Loss of 98.40