BRENT CRUDE OIL
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 - 1H - Technical analysis published on 03/29/2021 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 64.56 USD
My targets
66.34 USD (+1.87%)
67.04 USD (+2.95%)
My analysis
BRENT CRUDE OIL is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 64.56 USD. The next resistance located at 66.34 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 67.04 USD. After this resistance, buyers could then target 68.14 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.4

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 TheFuss. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

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.

63.14
65.45
65.12

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

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 an element:

Central Records

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:

Central Indicators

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

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

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.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
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:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard59.4460.5962.5863.7365.7266.8768.86
Camarilla63.7163.9964.2864.5764.8665.1565.43
Woodie59.8660.8063.0063.9466.1467.0869.28
Fibonacci60.5961.7962.5363.7364.9365.6766.87


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard56.7258.4961.5363.3066.3468.1171.15
Camarilla63.2563.6964.1364.5765.0165.4565.89
Woodie57.3658.8162.1763.6266.9868.4371.79
Fibonacci58.4960.3361.4663.3065.1466.2768.11


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard46.4651.3457.5262.4068.5873.4679.64
Camarilla60.6561.6662.6863.6964.7065.7266.73
Woodie47.1051.6758.1662.7369.2273.7980.28
Fibonacci51.3455.5758.1862.4066.6369.2473.46

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): 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%

Quotes : 2021-03-29 11:23:12 - 10 min delayed data - NYMEX Futures

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

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