BRENT CRUDE OIL - 15 min. - Technical analysis published on 11/09/2023 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Neutral
Technical indicators
72%
6%
22%
My opinion
Bullish above 78.49 USD
My targets
80.21 USD (+0.10%)
81.25 USD (+1.40%)
My analysis
The current short-term bullish trend should quickly fix the basic bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for BRENT CRUDE OIL as long as the price remains well above 78.49 USD. The buyers' bullish objective is set at 80.21 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 81.25 USD. If there is any crossing, the next objective would be the resistance located at 82.97 USD.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
3.6
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This analysis was given by berlin77. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BRENT CRUDE OIL rating is 80.13 USD. The price registered an increase of +0.74% on the session and was traded between 79.44 USD and 80.41 USD over the period. The price is currently at +0.87% from its lowest and -0.35% from its highest.79.44
80.41
80.13
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by BRENT CRUDE OIL:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 15 min. chart of BRENT CRUDE OIL indicates that the overall trend is not clearly defined. The trend could quickly turn bullish due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Moving Average bullish crossovers : AMA20 & AMA50
Type : Bullish
Timeframe : 15 minutes
In fact, 13 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 72.71 | 76.82 | 79.18 | 80.13 | 81.46 | 82.96 | 84.57 |
| Change (%) | -9.26% | -4.13% | -1.19% | - | +1.66% | +3.53% | +5.54% |
| Change | -7.42 | -3.31 | -0.95 | - | +1.33 | +2.83 | +4.44 |
| Level | Minor | Minor | Intermediate | - | Minor | Major | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 75.73 | 77.45 | 78.49 | 80.21 | 81.25 | 82.97 | 84.01 |
| Camarilla | 78.78 | 79.03 | 79.29 | 79.54 | 79.79 | 80.05 | 80.30 |
| Woodie | 75.40 | 77.28 | 78.16 | 80.04 | 80.92 | 82.80 | 83.68 |
| Fibonacci | 77.45 | 78.50 | 79.15 | 80.21 | 81.26 | 81.91 | 82.97 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 78.60 | 81.58 | 83.23 | 86.21 | 87.86 | 90.84 | 92.49 |
| Camarilla | 83.62 | 84.04 | 84.47 | 84.89 | 85.31 | 85.74 | 86.16 |
| Woodie | 77.95 | 81.25 | 82.58 | 85.88 | 87.21 | 90.51 | 91.84 |
| Fibonacci | 81.58 | 83.35 | 84.44 | 86.21 | 87.98 | 89.07 | 90.84 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 70.08 | 76.18 | 80.41 | 86.51 | 90.74 | 96.84 | 101.07 |
| Camarilla | 81.79 | 82.74 | 83.68 | 84.63 | 85.58 | 86.52 | 87.47 |
| Woodie | 69.14 | 75.71 | 79.47 | 86.04 | 89.80 | 96.37 | 100.13 |
| Fibonacci | 76.18 | 80.13 | 82.57 | 86.51 | 90.46 | 92.90 | 96.84 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 64.08 | |
| MACD (12,26,9): | 0.0900 | |
| Directional Movement: | 7.17 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 80.06 | |
| Parabolic SAR (0,02-0,02-0,2): | 79.93 | |
| Elder Ray (13): | 0.17 | |
| Super Trend (3,10): | 79.80 | |
| Zig ZAG (10): | 80.30 | |
| VORTEX (21): | 1.1400 | |
| Stochastique (14,3,5): | 87.18 | |
| TEMA (21): | 80.26 | |
| Williams %R (14): | -2.50 | |
| Chande Momentum Oscillator (20): | 0.54 | |
| Repulse (5,40,3): | 0.0900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 1.19 |
| MA7: | 83.27 | |
| MA20: | 86.72 | |
| MA50: | 87.57 | |
| MA100: | 82.49 | |
| MAexp7: | 80.17 | |
| MAexp20: | 79.96 | |
| MAexp50: | 80.01 | |
| MAexp100: | 80.49 | |
| Price / MA7: | -3.77% | |
| Price / MA20: | -7.60% | |
| Price / MA50: | -8.50% | |
| Price / MA100: | -2.86% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | +0.21% | |
| Price / MAexp50: | +0.15% | |
| Price / MAexp100: | -0.45% |
Quotes :
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10 min delayed data
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NYMEX Futures
News
The latest news and videos published on BRENT CRUDE OIL at the time of the analysis were as follows:
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'FASTEN YOUR SEATBELTS': Brent Bozell warns of Alex Soros' Open Society Foundations takeover
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It's 'increasingly likely' the missing submersible imploded: Brent Sadler
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Trade of the Week: Short Brent crude
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Trade of the Week - Monday 5th December: long Brent crude
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Trade of the Week: Brent Crude 📉
This member declared not having a position on this financial instrument or a related financial instrument.
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