Technical analysis Brent for 14.04.2022

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 resistance is the level 107.65. The closest support is the top of the cloud

Key levels

• 114.35, 110.65, 107.65, 104.85, 103.15, 101.20, 95.50

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 107.65, with Take Profit of 110.65 and Stop Loss of 105.85

Alternative scenario

• Recommended opening short positions (Sell Limit) from the level of 104.85, with Take Profit of 103.15 and Stop Loss of 105.85