BRENT CRUDE OIL - 1H - Technical analysis published on 01/18/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
72%
6%
My opinion
Bearish under 54.98 USD
My targets
54.36 USD (-0.82%)
53.94 USD (-1.59%)
My analysis
All elements being clearly 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 54.98 USD. The sellers” bearish objective is set at 54.36 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 53.94 USD. In case of crossing, the next objective would be the support located at 53.15 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 neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
7.3
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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 54.81 USD. On the day, this instrument lost -0.53% with the lowest point at 54.74 USD and the highest point at 55.05 USD. The deviation from the price is +0.13% for the low point and -0.44% for the high point.54.74
55.05
54.81
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 BRENT CRUDE OIL in 1H shows a overall strongly bearish trend. The signals given by moving averages are 89.29% bearish. This strong bearish 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.
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:
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
Price is back under the pivot point
Type : Bearish
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
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 53.15 | 53.94 | 54.36 | 54.81 | 54.98 | 55.76 | 56.23 |
Change (%) | -3.03% | -1.59% | -0.82% | - | +0.31% | +1.73% | +2.59% |
Change | -1.66 | -0.87 | -0.45 | - | +0.17 | +0.95 | +1.42 |
Level | Major | Minor | Minor | - | Intermediate | Minor | 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 | 52.11 | 53.38 | 54.10 | 55.37 | 56.09 | 57.36 | 58.08 |
Camarilla | 54.27 | 54.46 | 54.64 | 54.82 | 55.00 | 55.19 | 55.37 |
Woodie | 51.84 | 53.24 | 53.83 | 55.23 | 55.82 | 57.22 | 57.81 |
Fibonacci | 53.38 | 54.14 | 54.61 | 55.37 | 56.13 | 56.60 | 57.36 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 51.07 | 52.86 | 53.84 | 55.63 | 56.61 | 58.40 | 59.38 |
Camarilla | 54.06 | 54.31 | 54.57 | 54.82 | 55.07 | 55.33 | 55.58 |
Woodie | 50.67 | 52.66 | 53.44 | 55.43 | 56.21 | 58.20 | 58.98 |
Fibonacci | 52.86 | 53.92 | 54.57 | 55.63 | 56.69 | 57.34 | 58.40 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 42.53 | 44.65 | 48.23 | 50.35 | 53.93 | 56.05 | 59.63 |
Camarilla | 50.23 | 50.76 | 51.28 | 51.80 | 52.32 | 52.85 | 53.37 |
Woodie | 43.25 | 45.02 | 48.95 | 50.72 | 54.65 | 56.42 | 60.35 |
Fibonacci | 44.65 | 46.83 | 48.18 | 50.35 | 52.53 | 53.88 | 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): | 35.52 | |
MACD (12,26,9): | -0.3000 | |
Directional Movement: | -22.35 | |
AROON (14): | -92.86 | |
DEMA (21): | 54.94 | |
Parabolic SAR (0,02-0,02-0,2): | 55.20 | |
Elder Ray (13): | -0.27 | |
Super Trend (3,10): | 55.73 | |
Zig ZAG (10): | 54.85 | |
VORTEX (21): | 0.7700 | |
Stochastique (14,3,5): | 23.69 | |
TEMA (21): | 54.85 | |
Williams %R (14): | -73.87 | |
Chande Momentum Oscillator (20): | -0.47 | |
Repulse (5,40,3): | 0.0500 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.0600 | |
Courbe Coppock: | 2.71 |
MA7: | 55.79 | |
MA20: | 53.26 | |
MA50: | 49.44 | |
MA100: | 45.95 | |
MAexp7: | 55.05 | |
MAexp20: | 55.37 | |
MAexp50: | 55.71 | |
MAexp100: | 55.69 | |
Price / MA7: | -1.76% | |
Price / MA20: | +2.91% | |
Price / MA50: | +10.86% | |
Price / MA100: | +19.28% | |
Price / MAexp7: | -0.44% | |
Price / MAexp20: | -1.01% | |
Price / MAexp50: | -1.62% | |
Price / MAexp100: | -1.58% |
Quotes :
2021-01-18 00:08:11
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10 min delayed data
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NYMEX Futures
News
The last news published on BRENT CRUDE OIL at the time of the generation of this analysis was as follows:
- Remembering Ruth Bader Ginsburg, John Lewis, Brent Scowcroft and 300,000 Americans | Meet The Press
- Crude Oil Brent higher with the promise of increased demand?
- Will Brent crude oil target $54.28? – 11 December 2020
- Will Brent crude oil continue to push higher? – 27th August 2020
- China's 'waiting game' isn't helping it - Brent Wilsey
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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