Technical analysis Brent for 08.03.2022
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 123.88. The closest resistance is the level 128.70
Key levels
- 141.00, 134.00, 128.70, 123.88, 120.86, 118.35, 116.04, 113.22, 108.30
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 128.70, with Take Profit of 134.00 and Stop Loss of 123.88
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 123.88, with Take Profit of 118.35 and Stop Loss of 128.70
Scenario
Recommendation
BUY STOP
Entry Point
128.70
Take Profit
134.00
Stop Loss
123.88
Key Levels
141.00, 134.00, 128.70, 123.88, 120.86, 118.35, 116.04, 113.22, 108.30
Alternative scenario
Recommendation
SELL STOP
Entry Point
123.88
Take Profit
118.35
Stop Loss
128.70
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.