Technical analysis Brent for 21.03.2022

The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 109.00. The closest resistance is the level 113.25

Key levels

• 126.00, 117.50, 113.25, 109.00, 103.00, 96.25

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 109.00, with Take Profit of 113.25 and Stop Loss of 105.90

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 103.00, with Take Profit of 96.25 and Stop Loss of 109.00