Technical analysis Brent for 28.02.2022
28.02.2022 16:17
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. 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 level 97.00. The closest resistance is the lower border of the cloud
Key levels
- 104.85, 102.10, 98.95, 97.00, 95.35, 93.80, 91.85, 88.70
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 97.00, with Take Profit of 102.10 and Stop Loss of 95.35
Alternative scenario
- Recommended opening short positions (Sell Limit) from the level of 102.10, with Take Profit of 98.95 and Stop Loss of 104.85
Scenario
Recommendation
BUY LIMIT
Entry Point
97.00
Take Profit
102.10
Stop Loss
95.35
Key Levels
104.85, 102.10, 98.95, 97.00, 95.35, 93.80, 91.85, 88.70
Alternative scenario
Recommendation
SELL LIMIT
Entry Point
102.10
Take Profit
98.95
Stop Loss
104.85