Technical analysis Brent for 21.09.2023

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed below 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 level 92.75. The closest resistance is the level 94.00

Key levels

• 95.50, 94.00, 92.75, 91.75, 90.75

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 92.75, with Take Profit of 94.00 and Stop Loss of 91.75

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 91.75, with Take Profit of 90.75 and Stop Loss of 92.75