BRENT CRUDE OIL ONLY0321 - 1H - Technical analysis published on 01/13/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
BRENT CRUDE OIL ONLY0321 Chart
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 56.30 USD
My targets
58.00 USD (+2.00%)
60.01 USD (+5.54%)
My analysis
The bullish trend is currently very strong on BRENT CRUDE OIL ONLY0321. As long as the price remains above the support at 56.30 USD, you could try to benefit from the boom. The first bullish objective is located at 58.00 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 60.01 USD as an objective. Crossing it would then enable buyers to target 63.72 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
8.8
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This analysis was given by SuperLubeCrude.
Additional analysis
Quotes
The BRENT CRUDE OIL ONLY0321 rating is 56.86 USD. The price registered an increase of +0.50% on the session and was traded between 56.65 USD and 56.95 USD over the period. The price is currently at +0.37% from its lowest and -0.16% from its highest.56.65
56.95
56.86
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 ONLY0321:
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. 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.
In fact, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 54.98 | 55.86 | 56.30 | 56.86 |
| Change (%) | -3.31% | -1.76% | -0.98% | - |
| Change | -1.88 | -1.00 | -0.56 | - |
| Level | Intermediate | 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 | 54.64 | 55.09 | 55.89 | 56.34 | 57.14 | 57.59 | 58.39 |
| Camarilla | 56.36 | 56.47 | 56.59 | 56.70 | 56.82 | 56.93 | 57.04 |
| Woodie | 54.83 | 55.18 | 56.08 | 56.43 | 57.33 | 57.68 | 58.58 |
| Fibonacci | 55.09 | 55.56 | 55.86 | 56.34 | 56.81 | 57.11 | 57.59 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 46.56 | 48.57 | 52.28 | 54.29 | 58.00 | 60.01 | 63.72 |
| Camarilla | 54.42 | 54.94 | 55.47 | 55.99 | 56.51 | 57.04 | 57.56 |
| Woodie | 47.41 | 49.00 | 53.13 | 54.72 | 58.85 | 60.44 | 64.57 |
| Fibonacci | 48.57 | 50.76 | 52.11 | 54.29 | 56.48 | 57.83 | 60.01 |
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): | 69.39 | |
| MACD (12,26,9): | 0.2700 | |
| Directional Movement: | 19.03 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 56.72 | |
| Parabolic SAR (0,02-0,02-0,2): | 56.11 | |
| Elder Ray (13): | 0.29 | |
| Super Trend (3,10): | 56.12 | |
| Zig ZAG (10): | 56.78 | |
| VORTEX (21): | 1.2200 | |
| Stochastique (14,3,5): | 93.21 | |
| TEMA (21): | 56.80 | |
| Williams %R (14): | -5.19 | |
| Chande Momentum Oscillator (20): | 0.37 | |
| Repulse (5,40,3): | 0.3800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0700 | |
| Courbe Coppock: | 1.89 |
| MA7: | 55.36 | |
| MA20: | 52.67 | |
| MA50: | 48.71 | |
| MA100: | 46.15 | |
| MAexp7: | 56.66 | |
| MAexp20: | 56.36 | |
| MAexp50: | 55.89 | |
| MAexp100: | 55.20 | |
| Price / MA7: | +2.71% | |
| Price / MA20: | +7.96% | |
| Price / MA50: | +16.73% | |
| Price / MA100: | +23.21% | |
| Price / MAexp7: | +0.35% | |
| Price / MAexp20: | +0.89% | |
| Price / MAexp50: | +1.74% | |
| Price / MAexp100: | +3.01% |
Quotes :
2021-01-13 00:46:36
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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.
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