Technical analysis Brent for 04.03.2022
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above 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 109.25. The closest resistance is the level 115.75
Key levels
- 120, 115.75, 109.25, 105.75, 99.75, 93.75, 89
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 115.75, with Take Profit of 120 and Stop Loss of 110
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 105.75, with Take Profit of 99.75 and Stop Loss of 109.25
Scenario
Recommendation
BUY STOP
Entry Point
115.75
Take Profit
120
Stop Loss
110
Key Levels
120, 115.75, 109.25, 105.75, 99.75, 93.75, 89
Alternative scenario
Recommendation
SELL STOP
Entry Point
105.75
Take Profit
99.75
Stop Loss
109.25
Author
Nikolai Krishtopov
Market Analyst & Marketing Manager, Investizo
Nikolai Krishtopov is a Market Analyst at Investizo with more than 15 years of experience in the financial markets industry and over a decade of trading experience. His areas of focus include forex and crypto markets, technical analysis, intraday trading and market behaviour.