BRENT CRUDE OIL ONLY0321 - 1H - Technical analysis published on 01/07/2021 (GMT)
- 101
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : WITHOUT TARGET
BRENT CRUDE OIL ONLY0321 Chart
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
50%
6%
44%
My opinion
Bullish above 53.32 USD
My targets
-
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 ONLY0321 as long as the price remains well above 53.32 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
0
10
7.5
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 SuperLubeCrude.
Additional analysis
Quotes
BRENT CRUDE OIL ONLY0321 rating 54.62 USD. On the day, this instrument gained +0.59% and was between 54.06 USD and 54.90 USD. This implies that the price is at +1.04% from its lowest and at -0.51% from its highest.54.06
54.90
54.62
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this BRENT CRUDE OIL ONLY0321 chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is slight given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 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
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 51.67 | 52.03 | 53.32 | 54.62 | 54.72 |
| Change (%) | -5.40% | -4.74% | -2.38% | - | +0.18% |
| Change | -2.95 | -2.59 | -1.30 | - | +0.10 |
| Level | Minor | Minor | Minor | - | Intermediate |
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 | 51.82 | 52.49 | 53.39 | 54.06 | 54.96 | 55.63 | 56.53 |
| Camarilla | 53.87 | 54.01 | 54.16 | 54.30 | 54.44 | 54.59 | 54.73 |
| Woodie | 51.95 | 52.55 | 53.52 | 54.12 | 55.09 | 55.69 | 56.66 |
| Fibonacci | 52.49 | 53.09 | 53.46 | 54.06 | 54.66 | 55.03 | 55.63 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 49.51 | 50.06 | 50.93 | 51.48 | 52.35 | 52.90 | 53.77 |
| Camarilla | 51.41 | 51.54 | 51.67 | 51.80 | 51.93 | 52.06 | 52.19 |
| Woodie | 49.67 | 50.14 | 51.09 | 51.56 | 52.51 | 52.98 | 53.93 |
| Fibonacci | 50.06 | 50.60 | 50.94 | 51.48 | 52.02 | 52.36 | 52.90 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 42.55 | 44.65 | 48.23 | 50.33 | 53.91 | 56.01 | 59.59 |
| Camarilla | 50.24 | 50.76 | 51.28 | 51.80 | 52.32 | 52.84 | 53.36 |
| Woodie | 43.28 | 45.02 | 48.96 | 50.70 | 54.64 | 56.38 | 60.32 |
| Fibonacci | 44.65 | 46.82 | 48.16 | 50.33 | 52.50 | 53.84 | 56.01 |
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): | 59.90 | |
| MACD (12,26,9): | 0.3300 | |
| Directional Movement: | -0.04 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 54.79 | |
| Parabolic SAR (0,02-0,02-0,2): | 53.57 | |
| Elder Ray (13): | 0.09 | |
| Super Trend (3,10): | 53.79 | |
| Zig ZAG (10): | 54.49 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 88.34 | |
| TEMA (21): | 54.75 | |
| Williams %R (14): | -14.86 | |
| Chande Momentum Oscillator (20): | 0.09 | |
| Repulse (5,40,3): | 0.0900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0900 | |
| Courbe Coppock: | 1.84 |
| MA7: | 52.62 | |
| MA20: | 51.38 | |
| MA50: | 47.38 | |
| MA100: | 45.79 | |
| MAexp7: | 54.62 | |
| MAexp20: | 54.35 | |
| MAexp50: | 53.64 | |
| MAexp100: | 52.90 | |
| Price / MA7: | +3.80% | |
| Price / MA20: | +6.31% | |
| Price / MA50: | +15.28% | |
| Price / MA100: | +19.28% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | +0.50% | |
| Price / MAexp50: | +1.83% | |
| Price / MAexp100: | +3.25% |
Quotes :
2021-01-07 08:51:45
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10 min delayed data
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NYMEX Futures
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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