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
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
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.