Technical analysis Brent for 12.09.2024
12.09.2024 18:10
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. 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 support is the level 71.25. The closest resistance is the level 72.50
Key levels
- 76.00, 74.00, 72.50, 71.25, 69.50
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 72.50, with Take Profit of 74.00 and Stop Loss of 71.25
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 71.25, with Take Profit of 69.50 and Stop Loss of 72.50
Scenario
Recommendation
BUY STOP
Entry Point
72.50
Take Profit
74.00
Stop Loss
71.25
Key Levels
76.00, 74.00, 72.50, 71.25, 69.50
Alternative scenario
Recommendation
SELL STOP
Entry Point
71.25
Take Profit
69.50
Stop Loss
72.50