Technical analysis Brent for 25.04.2022

The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart. In this case, the cloud turned over from ascending to descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 97.25. The closest resistance is the level 100.75

Key levels

• 113.00, 109.75, 106.50, 103.50, 100.75, 97.25, 94.25

Trading scenario

• Recommended opening short positions (Sell Limit) from the level of 100.75, with Take Profit of 97.25 and Stop Loss of 103.50

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 103.50, with Take Profit of 106.50 and Stop Loss of 100.75