BRENT CRUDE OIL ONLY0321 - 1H - Technical analysis published on 01/10/2021 (GMT)
- 105
- 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
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
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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.
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:
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:
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
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
S3 | S2 | S1 | Price | |
---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 52.95 | 53.45 | 53.91 | 54.41 | 54.87 | 55.37 | 55.83 |
Camarilla | 54.12 | 54.20 | 54.29 | 54.38 | 54.47 | 54.56 | 54.64 |
Woodie | 52.94 | 53.44 | 53.90 | 54.40 | 54.86 | 55.36 | 55.82 |
Fibonacci | 53.45 | 53.81 | 54.04 | 54.41 | 54.77 | 55.00 | 55.37 |
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 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
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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
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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