Technical analysis Brent for 28.02.2022
The Tenkan-sen line is located below 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 97.00. The closest resistance is the lower border of the cloud
Key levels
- 104.85, 102.10, 98.95, 97.00, 95.35, 93.80, 91.85, 88.70
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 97.00, with Take Profit of 102.10 and Stop Loss of 95.35
Alternative scenario
- Recommended opening short positions (Sell Limit) from the level of 102.10, with Take Profit of 98.95 and Stop Loss of 104.85