Technical analysis Brent for 29.09.2022
The Tenkan-sen line crosses from top to bottom the Kijun-sen line. Red is directed up, while blue is directed down. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line crosses from top to bottom the Kijun-sen line. Red is directed up, while blue is directed down. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 89.40. The closest support is the level 86.40
Key levels
- 92.50, 91.20, 89.40, 86.40, 84.80, 83.40
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 89.40, with Take Profit of 91.20 and Stop Loss of 87.80
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 86.40, with Take Profit of 84.80 and Stop Loss of 87.80
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.