BRENT CRUDE OIL
BRENT CRUDE OIL
- USD (-)
- 10 min delayed data - NYMEX Futures
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Commodities
Ticker: BRN
ISIN:

BRENT CRUDE OIL - 1H - Technical analysis published on 09/22/2020 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Court terme: Bearish
De fond: Bearish
Technical indicators
56%
22%
22%
My opinion
Bearish under 42.07 USD
My targets
41.52 USD (-0.34%)
40.97 USD (-1.66%)
My analysis
All elements being rather bearish, it would be possible for traders to trade only short positions (for sale) on BRENT CRUDE OIL as long as the price remains well below 42.07 USD. The next bearish objective for sellers is set at 41.52 USD. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 40.97 USD. If there is any crossing, the next objective would be the support located at 40.35 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
2.5

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

BRENT CRUDE OIL rating 41.66 USD. The price has increased by +0.53% since the last closing and was traded between 41.26 USD and 41.88 USD over the period. The price is currently at +0.97% from its lowest and -0.53% from its highest.

41.26
41.88
41.66

Here is a more detailed summary of the historical variations registered by BRENT CRUDE OIL:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of BRENT CRUDE OIL indicates that the overall trend is bearish. 67.86% of the signals given by moving averages are bearish. This bearish trend is slowing down slightly given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

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

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 40.35 40.97 41.52 41.66 42.07 42.53 43.28
Change (%) -3.14% -1.66% -0.34% - +0.98% +2.09% +3.89%
Change -1.31 -0.69 -0.14 - +0.41 +0.87 +1.62
Level Minor Intermediate Minor - Minor Intermediate Intermediate



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard41.0941.3041.4541.6641.8142.0242.17
Camarilla41.4941.5241.5641.5941.6241.6641.69
Woodie41.0541.2941.4141.6541.7742.0142.13
Fibonacci41.3041.4441.5341.6641.8041.8942.02


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard35.8737.5940.3742.0944.8746.5949.37
Camarilla41.9142.3342.7443.1543.5643.9844.39
Woodie36.4037.8640.9042.3645.4046.8649.90
Fibonacci37.5939.3140.3742.0943.8144.8746.59


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard39.8641.3743.4844.9947.1048.6150.72
Camarilla44.5944.9245.2545.5845.9146.2446.58
Woodie40.1541.5243.7745.1447.3948.7651.01
Fibonacci41.3742.7643.6144.9946.3847.2348.61

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): 37.40
MACD (12,26,9): -0.2700
Directional Movement: -19.54
AROON (14): 42.86
DEMA (21): 41.38
Parabolic SAR (0,02-0,02-0,2): 41.22
Elder Ray (13): -0.13
Super Trend (3,10): 42.11
Zig ZAG (10): 41.60
VORTEX (21): 0.8600
Stochastique (14,3,5): 54.77
TEMA (21): 41.40
Williams %R (14): -27.14
Chande Momentum Oscillator (20): -0.10
Repulse (5,40,3): 0.4700
ROCnROLL: -1
TRIX (15,9): -0.1000
Courbe Coppock: 0.46
MA7: 42.21
MA20: 42.28
MA50: 43.60
MA100: 41.34
MAexp7: 41.60
MAexp20: 41.76
MAexp50: 42.12
MAexp100: 42.02
Price / MA7: -1.30%
Price / MA20: -1.47%
Price / MA50: -4.45%
Price / MA100: +0.77%
Price / MAexp7: +0.14%
Price / MAexp20: -0.24%
Price / MAexp50: -1.09%
Price / MAexp100: -0.86%

Quotes : 2020-09-22 08:22:07 - 15 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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