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 - Daily - Technical analysis published on 01/12/2021 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 53.92 USD

My targets

59.62 USD (+6.26%)

63.72 USD (+13.56%)

My analysis

The bullish trend is currently very strong on BRENT CRUDE OIL. As long as the price remains above the support at 53.92 USD, you could try to benefit from the boom. The first bullish objective is located at 59.62 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 63.72 USD as an objective. Crossing it would then enable buyers to target 74.57 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

8.9

Comment on the analysis

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. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The BRENT CRUDE OIL rating is 56.11 USD. The price has increased by +0.81% since the last closing and was between 55.53 USD and 56.13 USD. This implies that the price is at +1.04% from its lowest and at -0.04% from its highest.

55.53

56.13

56.11

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

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of BRENT CRUDE OIL indicates that the overall trend is strongly bullish. 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 scanner does not detect any result on moving averages that would impact this trend.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Daily

RSI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

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

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	43.25	45.78	50.47	56.11	56.23	74.57	79.69
Change (%)	-22.92%	-18.41%	-10.05%	-	+0.21%	+32.90%	+42.02%
Change	-12.86	-10.33	-5.64	-	+0.12	+18.46	+23.58
Level	Intermediate	Minor	Major	-	Major	Intermediate	Minor

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
Standard	53.70	54.34	55.00	55.64	56.30	56.94	57.60
Camarilla	55.30	55.42	55.54	55.66	55.78	55.90	56.02
Woodie	53.71	54.35	55.01	55.65	56.31	56.95	57.61
Fibonacci	54.34	54.84	55.14	55.64	56.14	56.44	56.94

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	42.52	44.65	48.22	50.35	53.92	56.05	59.62
Camarilla	50.23	50.76	51.28	51.80	52.32	52.85	53.37
Woodie	43.25	45.01	48.95	50.71	54.65	56.41	60.35
Fibonacci	44.65	46.82	48.17	50.35	52.52	53.87	56.05

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):	74.94
MACD (12,26,9):	1.9800
Directional Movement:	21.45
AROON (14):	71.42
DEMA (21):	55.03
Parabolic SAR (0,02-0,02-0,2):	51.34
Elder Ray (13):	2.32
Super Trend (3,10):	51.35
Zig ZAG (10):	56.11
VORTEX (21):	1.2100
Stochastique (14,3,5):	93.49
TEMA (21):	55.44
Williams %R (14):	-6.32
Chande Momentum Oscillator (20):	4.64
Repulse (5,40,3):	2.9400
ROCnROLL:	1
TRIX (15,9):	0.5000
Courbe Coppock:	13.60

MA7:	54.41
MA20:	52.30
MA50:	48.20
MA100:	45.21
MAexp7:	54.61
MAexp20:	52.47
MAexp50:	49.28
MAexp100:	46.68
Price / MA7:	+3.12%
Price / MA20:	+7.28%
Price / MA50:	+16.41%
Price / MA100:	+24.11%
Price / MAexp7:	+2.75%
Price / MAexp20:	+6.94%
Price / MAexp50:	+13.86%
Price / MAexp100:	+20.20%

Quotes : 2021-01-12 08:03:10 - 10 min delayed data - NYMEX Futures

News

Don"t forget to follow the news on BRENT CRUDE OIL. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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