BRENT CRUDE OIL - 1H - Technical analysis published on 01/21/2021 (GMT)
- 159
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Slightly bullish
Technical indicators
28%
28%
44%
My opinion
Neutral between 55.54 USD and 56.23 USD
My targets
-
My analysis
The neutral short-term trend shows a weakening of the basic, slightly bullish trend on BRENT CRUDE OIL. It is difficult to advise a trading direction under these conditions. The first resistance is located at 56.23 USD. The first support is located at 55.54 USD. We can stay away while waiting for a more pronounced price movement on this instrument. A new analysis could then be produced that would give clearer signals.
In the very short term, the neutral opinion of this analysis is confirmed by technical indicators which are also neutral.
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 55.89 USD. On the day, this instrument lost -0.34% and was between 55.72 USD and 56.04 USD. This implies that the price is at +0.31% from its lowest and at -0.27% from its highest.55.72
56.04
55.89
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
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 (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 an overall slightly bullish trend. 60.71% of the signals given by moving averages are bullish. As the signals currently given by short-term moving averages are rather neutral, the overall trend could quickly return to neutral as well. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 8 are neutral and 5 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 54.98 | 55.54 | 55.85 | 55.89 | 56.23 | 56.63 | 56.85 |
| Change (%) | -1.63% | -0.63% | -0.07% | - | +0.61% | +1.32% | +1.72% |
| Change | -0.91 | -0.35 | -0.04 | - | +0.34 | +0.74 | +0.96 |
| Level | Major | Minor | Minor | - | Major | Major | 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 | 54.64 | 55.15 | 55.61 | 56.12 | 56.58 | 57.09 | 57.55 |
| Camarilla | 55.81 | 55.90 | 55.99 | 56.08 | 56.17 | 56.26 | 56.35 |
| Woodie | 54.63 | 55.14 | 55.60 | 56.11 | 56.57 | 57.08 | 57.54 |
| Fibonacci | 55.15 | 55.52 | 55.75 | 56.12 | 56.49 | 56.72 | 57.09 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 53.58 | |
| MACD (12,26,9): | -0.0200 | |
| Directional Movement: | 4.64 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 55.98 | |
| Parabolic SAR (0,02-0,02-0,2): | 56.06 | |
| Elder Ray (13): | 0.03 | |
| Super Trend (3,10): | 56.46 | |
| Zig ZAG (10): | 55.96 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 39.04 | |
| TEMA (21): | 55.85 | |
| Williams %R (14): | -64.00 | |
| Chande Momentum Oscillator (20): | -0.15 | |
| Repulse (5,40,3): | 0.0600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 1.20 |
| MA7: | 55.75 | |
| MA20: | 54.00 | |
| MA50: | 50.29 | |
| MA100: | 45.93 | |
| MAexp7: | 55.92 | |
| MAexp20: | 55.98 | |
| MAexp50: | 55.88 | |
| MAexp100: | 55.75 | |
| Price / MA7: | +0.25% | |
| Price / MA20: | +3.50% | |
| Price / MA50: | +11.14% | |
| Price / MA100: | +21.69% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | -0.16% | |
| Price / MAexp50: | +0.02% | |
| Price / MAexp100: | +0.25% |
Quotes :
2021-01-21 07:43:48
-
10 min delayed data
-
NYMEX Futures
News
The latest news and videos published on BRENT CRUDE OIL at the time of the analysis were as follows:
-
Will Brent crude oil target $58.65? – 21 January 2021
-
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
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 - 1H