Technical analysis Brent for 28.03.2022
The Tenkan-sen line crosses from top to bottom the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span crosses from top to bottom the price chart
The Tenkan-sen line crosses from top to bottom the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span crosses from top to bottom the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 114.40. The closest support is the level 112.50
Key levels
- 116.70, 115.60, 114.40, 112.50, 111.30, 109.85
Trading scenario
- Recommended opening short positions (Sell) at the current price, with Take Profit of 112.50 and Stop Loss of 114.40
Alternative scenario
- Recommended opening long positions (Buy Limit) from the level of 112.50, with Take Profit of 114.40 and Stop Loss of 111.30
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.