Technical analysis Brent for 28.03.2022

The Tenkan-sen line crosses from top to bottom the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span crosses from top to bottom the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 114.40. The closest support is the level 112.50

Key levels

• 116.70, 115.60, 114.40, 112.50, 111.30, 109.85

Trading scenario

• Recommended opening short positions (Sell) at the current price, with Take Profit of 112.50 and Stop Loss of 114.40

Alternative scenario

• Recommended opening long positions (Buy Limit) from the level of 112.50, with Take Profit of 114.40 and Stop Loss of 111.30