BRENT CRUDE OIL - 1H - Technical analysis published on 03/29/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Additional analysis
Quotes
The BRENT CRUDE OIL rating is 65.12 USD. The price has increased by +0.85% since the last closing with the lowest point at 63.14 USD and the highest point at 65.45 USD. The deviation from the price is +3.14% for the low point and -0.50% for the high point.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 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 strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 62.74 | 63.45 | 64.56 | 65.12 | 67.04 | 68.14 | 68.88 |
Change (%) | -3.65% | -2.56% | -0.86% | - | +2.95% | +4.64% | +5.77% |
Change | -2.38 | -1.67 | -0.56 | - | +1.92 | +3.02 | +3.76 |
Level | Major | Minor | Intermediate | - | Intermediate | Intermediate | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 59.44 | 60.59 | 62.58 | 63.73 | 65.72 | 66.87 | 68.86 |
Camarilla | 63.71 | 63.99 | 64.28 | 64.57 | 64.86 | 65.15 | 65.43 |
Woodie | 59.86 | 60.80 | 63.00 | 63.94 | 66.14 | 67.08 | 69.28 |
Fibonacci | 60.59 | 61.79 | 62.53 | 63.73 | 64.93 | 65.67 | 66.87 |
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 56.72 | 58.49 | 61.53 | 63.30 | 66.34 | 68.11 | 71.15 |
Camarilla | 63.25 | 63.69 | 64.13 | 64.57 | 65.01 | 65.45 | 65.89 |
Woodie | 57.36 | 58.81 | 62.17 | 63.62 | 66.98 | 68.43 | 71.79 |
Fibonacci | 58.49 | 60.33 | 61.46 | 63.30 | 65.14 | 66.27 | 68.11 |
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 46.46 | 51.34 | 57.52 | 62.40 | 68.58 | 73.46 | 79.64 |
Camarilla | 60.65 | 61.66 | 62.68 | 63.69 | 64.70 | 65.72 | 66.73 |
Woodie | 47.10 | 51.67 | 58.16 | 62.73 | 69.22 | 73.79 | 80.28 |
Fibonacci | 51.34 | 55.57 | 58.18 | 62.40 | 66.63 | 69.24 | 73.46 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
RSI (14): | 68.68 | |
MACD (12,26,9): | 0.3500 | |
Directional Movement: | 21.84 | |
AROON (14): | 42.86 | |
DEMA (21): | 64.65 | |
Parabolic SAR (0,02-0,02-0,2): | 63.26 | |
Elder Ray (13): | 0.93 | |
Super Trend (3,10): | 63.89 | |
Zig ZAG (10): | 65.37 | |
VORTEX (21): | 1.1900 | |
Stochastique (14,3,5): | 87.70 | |
TEMA (21): | 64.69 | |
Williams %R (14): | -14.29 | |
Chande Momentum Oscillator (20): | 0.45 | |
Repulse (5,40,3): | 1.2700 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0600 | |
Courbe Coppock: | 0.91 |
MA7: | 63.70 | |
MA20: | 66.00 | |
MA50: | 62.56 | |
MA100: | 56.00 | |
MAexp7: | 64.32 | |
MAexp20: | 64.19 | |
MAexp50: | 63.68 | |
MAexp100: | 63.60 | |
Price / MA7: | +2.23% | |
Price / MA20: | -1.33% | |
Price / MA50: | +4.09% | |
Price / MA100: | +16.29% | |
Price / MAexp7: | +1.24% | |
Price / MAexp20: | +1.45% | |
Price / MAexp50: | +2.26% | |
Price / MAexp100: | +2.39% |
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
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