BRENT CRUDE OIL ONLY0321 - 1H - Technical analysis published on 01/13/2021 (GMT)
- 105
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
BRENT CRUDE OIL ONLY0321 Chart
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Slightly bullish
Technical indicators
11%
67%
22%
My opinion
Bearish under 56.71 USD
My targets
54.96 USD (-1.91%)
53.33 USD (-4.82%)
My analysis
The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for BRENT CRUDE OIL ONLY0321 as long as the price remains well below 56.71 USD. The next bearish objective for sellers is set at 54.96 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 53.33 USD. In case of crossing, the next objective would be the support located at 50.91 USD. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 54.96 USD. With this support, against the trend traders who want to buy BRENT CRUDE OIL ONLY0321 on a buy signal from their trading strategy should not hesitate to act.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
2.1
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 price is 56.03 USD. The price is lower by -0.97% since the last closing and was between 55.78 USD and 57.42 USD. This implies that the price is at +0.45% from its lowest and at -2.42% from its highest.55.78
57.42
56.03
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
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:
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:
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 slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: a reversal of the trend could be possible given the strong bearish signals of short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 12 technical indicators on 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
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.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 50.91 | 53.33 | 54.96 | 56.03 | 56.71 |
| Change (%) | -9.14% | -4.82% | -1.91% | - | +1.21% |
| Change | -5.12 | -2.70 | -1.07 | - | +0.68 |
| Level | Minor | Minor | Intermediate | - | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 54.56 | 55.05 | 55.81 | 56.30 | 57.06 | 57.55 | 58.31 |
| Camarilla | 56.24 | 56.35 | 56.47 | 56.58 | 56.70 | 56.81 | 56.92 |
| Woodie | 54.71 | 55.12 | 55.96 | 56.37 | 57.21 | 57.62 | 58.46 |
| Fibonacci | 55.05 | 55.52 | 55.82 | 56.30 | 56.77 | 57.07 | 57.55 |
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): | 40.38 | |
| MACD (12,26,9): | -0.1300 | |
| Directional Movement: | -16.96 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 56.37 | |
| Parabolic SAR (0,02-0,02-0,2): | 56.63 | |
| Elder Ray (13): | -0.29 | |
| Super Trend (3,10): | 56.95 | |
| Zig ZAG (10): | 56.05 | |
| VORTEX (21): | 0.8900 | |
| Stochastique (14,3,5): | 19.03 | |
| TEMA (21): | 56.02 | |
| Williams %R (14): | -81.34 | |
| Chande Momentum Oscillator (20): | -0.67 | |
| Repulse (5,40,3): | -0.2900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 3.26 |
| MA7: | 55.22 | |
| MA20: | 52.62 | |
| MA50: | 48.70 | |
| MA100: | 46.14 | |
| MAexp7: | 56.16 | |
| MAexp20: | 56.40 | |
| MAexp50: | 56.27 | |
| MAexp100: | 55.68 | |
| Price / MA7: | +1.47% | |
| Price / MA20: | +6.48% | |
| Price / MA50: | +15.05% | |
| Price / MA100: | +21.43% | |
| Price / MAexp7: | -0.23% | |
| Price / MAexp20: | -0.66% | |
| Price / MAexp50: | -0.43% | |
| Price / MAexp100: | +0.63% |
Quotes :
2021-01-13 21:59:50
-
10 min delayed data
-
NYMEX Futures
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis BRENT CRUDE OIL ONLY0321 - 1H