Technical analysis Brent for 04.07.2022
04.07.2022 18:10
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span crosses bottom upward the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 114.80. The closest support is the level 112.00
Key levels
- 118.50, 116.80, 114.80, 112.00, 110.60, 108.40
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 114.80, with Take Profit of 116.80 and Stop Loss of 113.50
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 112.00, with Take Profit of 110.60 and Stop Loss of 113.50
Scenario
Recommendation
BUY STOP
Entry Point
114.80
Take Profit
116.80
Stop Loss
113.50
Key Levels
118.50, 116.80, 114.80, 112.00, 110.60, 108.40
Alternative scenario
Recommendation
SELL STOP
Entry Point
112.00
Take Profit
110.60
Stop Loss
113.50