Technical analysis Brent for 12.09.2024

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