Technical analysis Brent for 07.11.2023

07.11.2023 17:11
Intradía
Técnico

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 82.25. The closest resistance is the level 83.25

Key levels

  • 85.75, 84.50, 83.25, 82.25, 81.25

Trading scenario

  • Recommended opening short positions (Sell Stop) from the level of 82.25, with Take Profit of 81.25 and Stop Loss of 83.25

Alternative scenario

  • Recommended opening long positions (Buy Stop) from the level of 83.25, with Take Profit of 84.50 and Stop Loss of 82.25

Guión
Recomendación
SELL STOP

Punto de entrada
82.25

Take Profit
81.25

Stop Loss
83.25

Niveles clave
85.75, 84.50, 83.25, 82.25, 81.25
Escenario alternativo
Recomendación
BUY STOP

Punto de entrada
83.25

Take Profit
84.50

Stop Loss
82.25