Technical analysis Brent for 21.04.2022
The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span crosses bottom upward the price chart
The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span crosses bottom upward the price chart. In this case, the cloud is ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 109.80. The closest support is the level 106.60
Key levels
- 115.70, 113.00, 109.80, 106.60, 103.60, 100.80
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 109.80, with Take Profit of 113.00 and Stop Loss of 108.00
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 106.60, with Take Profit of 103.60 and Stop Loss of 108.00
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.