Technical analysis Brent for 15.03.2022
15.03.2022 10:22
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 98.60. The closest resistance is the level 102.40
Key levels
- 118.30, 112.30, 108.50, 105.50, 102.40, 98.60, 92.70, 88.75
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 102.40, with Take Profit of 92.70 and Stop Loss of 105.50
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 105.50, with Take Profit of 112.30 and Stop Loss of 102.40
Scenario
Recommendation
SELL LIMIT
Entry Point
102.40
Take Profit
92.70
Stop Loss
105.50
Key Levels
118.30, 112.30, 108.50, 105.50, 102.40, 98.60, 92.70, 88.75
Alternative scenario
Recommendation
BUY STOP
Entry Point
105.50
Take Profit
112.30
Stop Loss
102.40