BRENT CRUDE OIL

- USD (-)

- 10 min delayed data - NYMEX Futures

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Commodities
Ticker:	BRN
ISIN:

BRENT CRUDE OIL - 1H - Technical analysis published on 03/12/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

72%

28%

My opinion

Bullish above 82.07 USD

My targets

83.14 USD (+0.70%)

83.47 USD (+1.10%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on BRENT CRUDE OIL as long as the price remains well above 82.07 USD. The buyers' bullish objective is set at 83.14 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 83.47 USD. If there is any crossing, the next objective would be the resistance located at 84.06 USD.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

5.9

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by OliVymous. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The BRENT CRUDE OIL rating is 82.56 USD. On the day, this instrument gained +0.43% and was between 82.30 USD and 82.64 USD. This implies that the price is at +0.32% from its lowest and at -0.10% from its highest.

82.30

82.64

82.56

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in 1H of this BRENT CRUDE OIL chart shows a bullish trend. 67.86% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Aroon indicator bearish trend

Type : Bearish

Timeframe : 1 hour

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 1 hour

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bearish signals that could support the hypothesis of a small drop in the very short term:

Bearish harami

Type : Bearish

Timeframe : 1 hour

Bearish harami cross

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	81.23	81.72	82.07	82.56	82.74	83.14	83.47
Change (%)	-1.61%	-1.02%	-0.59%	-	+0.22%	+0.70%	+1.10%
Change	-1.33	-0.84	-0.49	-	+0.18	+0.58	+0.91
Level	Major	Intermediate	Minor	-	Minor	Minor	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	79.63	80.36	81.28	82.01	82.93	83.66	84.58
Camarilla	81.76	81.91	82.06	82.21	82.36	82.51	82.66
Woodie	79.74	80.41	81.39	82.06	83.04	83.71	84.69
Fibonacci	80.36	80.99	81.38	82.01	82.64	83.03	83.66

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	78.81	80.26	81.17	82.62	83.53	84.98	85.89
Camarilla	81.43	81.65	81.86	82.08	82.30	82.51	82.73
Woodie	78.54	80.13	80.90	82.49	83.26	84.85	85.62
Fibonacci	80.26	81.16	81.72	82.62	83.52	84.08	84.98

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	69.62	72.72	78.14	81.24	86.66	89.76	95.18
Camarilla	81.21	81.99	82.77	83.55	84.33	85.11	85.89
Woodie	70.77	73.30	79.29	81.82	87.81	90.34	96.33
Fibonacci	72.72	75.98	77.99	81.24	84.50	86.51	89.76

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	58.93
MACD (12,26,9):	0.1100
Directional Movement:	4.71
AROON (14):	-14.29
DEMA (21):	82.46
Parabolic SAR (0,02-0,02-0,2):	81.80
Elder Ray (13):	0.17
Super Trend (3,10):	81.91
Zig ZAG (10):	82.62
VORTEX (21):	1.0700
Stochastique (14,3,5):	83.26
TEMA (21):	82.62
Williams %R (14):	-10.45
Chande Momentum Oscillator (20):	0.19
Repulse (5,40,3):	0.0500
ROCnROLL:	1
TRIX (15,9):	0.0100
Courbe Coppock:	1.08

MA7:	82.52
MA20:	82.27
MA50:	79.92
MA100:	79.48
MAexp7:	82.49
MAexp20:	82.35
MAexp50:	82.34
MAexp100:	82.44
Price / MA7:	+0.05%
Price / MA20:	+0.35%
Price / MA50:	+3.30%
Price / MA100:	+3.88%
Price / MAexp7:	+0.08%
Price / MAexp20:	+0.26%
Price / MAexp50:	+0.27%
Price / MAexp100:	+0.15%

Quotes : - 10 min delayed data - NYMEX Futures

News

The latest news and videos published on BRENT CRUDE OIL at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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