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 01/19/2021 (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

56%

11%

33%

My opinion

Bullish above 53.92 USD

My targets

56.23 USD (+1.44%)

59.62 USD (+7.56%)

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 56.23 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 59.62 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.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

7.5

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 55.43 USD. The price registered an increase of +0.60% on the session with the lowest point at 54.90 USD and the highest point at 55.45 USD. The deviation from the price is +0.97% for the low point and -0.04% for the high point.

54.90

55.45

55.43

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

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 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 BRENT CRUDE OIL in Daily shows a strongly overall bullish trend. 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 market scanner currently does not detect any result that concerns moving averages.

In fact, 10 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

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

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	39.82	43.25	50.47	55.43	56.23	74.57	79.69
Change (%)	-28.16%	-21.97%	-8.95%	-	+1.44%	+34.53%	+43.77%
Change	-15.61	-12.18	-4.96	-	+0.80	+19.14	+24.26
Level	Major	Intermediate	Major	-	Intermediate	Intermediate	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	53.75	54.12	54.46	54.83	55.17	55.54	55.88
Camarilla	54.60	54.66	54.73	54.79	54.86	54.92	54.99
Woodie	53.73	54.11	54.44	54.82	55.15	55.53	55.86
Fibonacci	54.12	54.40	54.56	54.83	55.11	55.27	55.54

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	51.26	52.95	54.03	55.72	56.80	58.49	59.57
Camarilla	54.34	54.59	54.85	55.10	55.35	55.61	55.86
Woodie	50.95	52.80	53.72	55.57	56.49	58.34	59.26
Fibonacci	52.95	54.01	54.67	55.72	56.78	57.44	58.49

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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	63.49
MACD (12,26,9):	1.7700
Directional Movement:	14.43
AROON (14):	50.00
DEMA (21):	56.11
Parabolic SAR (0,02-0,02-0,2):	54.45
Elder Ray (13):	0.55
Super Trend (3,10):	51.90
Zig ZAG (10):	55.27
VORTEX (21):	1.1100
Stochastique (14,3,5):	65.45
TEMA (21):	56.23
Williams %R (14):	-31.14
Chande Momentum Oscillator (20):	3.46
Repulse (5,40,3):	0.0800
ROCnROLL:	1
TRIX (15,9):	0.5300
Courbe Coppock:	17.06

MA7:	55.69
MA20:	53.42
MA50:	49.76
MA100:	45.71
MAexp7:	55.22
MAexp20:	53.70
MAexp50:	50.43
MAexp100:	47.50
Price / MA7:	-0.47%
Price / MA20:	+3.76%
Price / MA50:	+11.39%
Price / MA100:	+21.26%
Price / MAexp7:	+0.38%
Price / MAexp20:	+3.22%
Price / MAexp50:	+9.91%
Price / MAexp100:	+16.69%

Quotes : 2021-01-19 08:51:09 - 10 min delayed data - NYMEX Futures

News

The last news published on BRENT CRUDE OIL at the time of the generation of this analysis was as follows:

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

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