BRENT CRUDE OIL ONLY0321
BZ0321
55.41 USD (-1.23%)
Halted 10 min delayed data - NYMEX Futures
Open: 56.15
Change: -0.69
Volume: 32,183
Low: 54.49
High: 56.17
High / Low range: 1.68
Type: Futures
Ticker: BZ0321
ISIN: BZH1

BRENT CRUDE OIL ONLY0321 - 15 min. - Technical analysis published on 01/13/2021

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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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  • Timeframe : 15 min.
  • - Analysis generated on 2021-01-13 20:34:38
  • Status : LEVEL MAINTAINED

Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Strongly bearish
Technical indicators
39%
17%
44%
My opinion
Bearish under 56.30 USD
My targets
55.81 USD (-0.41%)
55.05 USD (-1.77%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on BRENT CRUDE OIL ONLY0321 as long as the price remains well below 56.30 USD. The sellers” bearish objective is set at 55.81 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 55.05 USD. In case of crossing, the next objective would be the support located at 54.56 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
5.4

This analysis was given by SuperLubeCrude. Take part yourself by sharing additional analysis on another time unit:
1H
Attention: This analysis is for information purposes only and does not constitute personalized investment advice or an incentive 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 analysis. 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.

Additional analysis

Quotes

BRENT CRUDE OIL ONLY0321 rating 56.04 USD. On the day, this instrument lost -0.95% and was between 55.78 USD and 57.42 USD. This implies that the price is at +0.47% from its lowest and at -2.40% from its highest.

55.78
57.42
56.04

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly



Abnormal volumes on BRENT CRUDE OIL ONLY0321 were detected by the Central Volumes scanner:

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 15 min. shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 15 minutes



Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 15 minutes

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

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.

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Central Candlesticks

Bearish engulfing lines

Type : Bearish

Timeframe : 15 minutes




ProTrendLines
S3
S2
S1
R1
Price


S3S2S1PriceR1
ProTrendLines 50.91 53.33 54.96 56.04 56.71
Change (%) -9.15% -4.84% -1.93% - +1.20%
Change -5.13 -2.71 -1.08 - +0.67
Level Minor Minor Intermediate - Minor



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard54.5655.0555.8156.3057.0657.5558.31
Camarilla56.2456.3556.4756.5856.7056.8156.92
Woodie54.7155.1255.9656.3757.2157.6258.46
Fibonacci55.0555.5255.8256.3056.7757.0757.55


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard46.5648.5752.2854.2958.0060.0163.72
Camarilla54.4254.9455.4755.9956.5157.0457.56
Woodie47.4149.0053.1354.7258.8560.4464.57
Fibonacci48.5750.7652.1154.2956.4857.8360.01


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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 45.76
MACD (12,26,9): -0.1400
Directional Movement: -5.84
AROON (14): -50.00
DEMA (21): 56.02
Parabolic SAR (0,02-0,02-0,2): 55.79
Elder Ray (13): 0.03
Super Trend (3,10): 56.49
Zig ZAG (10): 56.12
VORTEX (21): 0.9000
Stochastique (14,3,5): 28.31
TEMA (21): 56.04
Williams %R (14): -52.17
Chande Momentum Oscillator (20): -0.04
Repulse (5,40,3): 0.0700
ROCnROLL: 2
TRIX (15,9): -0.0400
Courbe Coppock: 0.65
MA7: 55.23
MA20: 52.63
MA50: 48.70
MA100: 46.14
MAexp7: 56.11
MAexp20: 56.21
MAexp50: 56.44
MAexp100: 56.52
Price / MA7: +1.47%
Price / MA20: +6.48%
Price / MA50: +15.07%
Price / MA100: +21.46%
Price / MAexp7: -0.12%
Price / MAexp20: -0.30%
Price / MAexp50: -0.71%
Price / MAexp100: -0.85%

Quotes : 2021-01-13 20:23:43 - 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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