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
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
Nikolai Krishtopov is a Market Analyst at Investizo with more than 15 years of experience in the financial markets industry and over a decade of trading experience. His areas of focus include forex and crypto markets, technical analysis, intraday trading and market behaviour.