BRENT CRUDE OIL ONLY0321
BZ0321
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Futures
Ticker: BZ0321
ISIN: BZH1

BRENT CRUDE OIL ONLY0321 - 1H - Technical analysis published on 01/10/2021 (GMT)

  • 105
  • 0
  • Timeframe : 1H
  • - Analysis generated on
  • Status : WITHOUT TARGET

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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 54.76 USD
My targets
-
My analysis
BRENT CRUDE OIL ONLY0321 is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 54.76 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.9

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

The BRENT CRUDE OIL ONLY0321 rating is 55.99 USD. The price has increased by +2.96% since the last closing and was between 54.36 USD and 56.30 USD. This implies that the price is at +3.00% from its lowest and at -0.55% from its highest.

54.36
56.30
55.99

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

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 Volumes scanner detects abnormal volumes on the asset:

Central Volumes

Abnormal volumes

Timeframe : 5 days


Abnormal volumes

Timeframe : 20 days


Abnormal volumes

Timeframe : 50 days

Technical


Technical analysis of BRENT CRUDE OIL ONLY0321 in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 16 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly



The analysis of the price chart with Central Patterns scanners does not return any result.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
Price


S3S2S1Price
ProTrendLines 51.67 53.94 54.76 55.99
Change (%) -7.72% -3.66% -2.20% -
Change -4.32 -2.05 -1.23 -
Level Minor Minor Intermediate -



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard52.9553.4553.9154.4154.8755.3755.83
Camarilla54.1254.2054.2954.3854.4754.5654.64
Woodie52.9453.4453.9054.4054.8655.3655.82
Fibonacci53.4553.8154.0454.4154.7755.0055.37


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard49.5150.0650.9351.4852.3552.9053.77
Camarilla51.4151.5451.6751.8051.9352.0652.19
Woodie49.6750.1451.0951.5652.5152.9853.93
Fibonacci50.0650.6050.9451.4852.0252.3652.90


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard42.5544.6548.2350.3353.9156.0159.59
Camarilla50.2450.7651.2851.8052.3252.8453.36
Woodie43.2845.0248.9650.7054.6456.3860.32
Fibonacci44.6546.8248.1650.3352.5053.8456.01

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 80.87
MACD (12,26,9): 0.4000
Directional Movement: 22.92
AROON (14): 92.86
DEMA (21): 55.81
Parabolic SAR (0,02-0,02-0,2): 55.49
Elder Ray (13): 0.66
Super Trend (3,10): 55.27
Zig ZAG (10): 56.24
VORTEX (21): 1.2600
Stochastique (14,3,5): 94.17
TEMA (21): 55.99
Williams %R (14): -3.41
Chande Momentum Oscillator (20): 1.52
Repulse (5,40,3): 1.0300
ROCnROLL: 1
TRIX (15,9): 0.0800
Courbe Coppock: 3.99
MA7: 53.29
MA20: 51.74
MA50: 47.69
MA100: 45.87
MAexp7: 55.81
MAexp20: 55.32
MAexp50: 54.71
MAexp100: 53.94
Price / MA7: +5.07%
Price / MA20: +8.21%
Price / MA50: +17.40%
Price / MA100: +22.06%
Price / MAexp7: +0.77%
Price / MAexp20: +1.66%
Price / MAexp50: +2.80%
Price / MAexp100: +4.26%

Quotes : 2021-01-08 22:39:49 - 10 min delayed data - NYMEX Futures

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

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