BRENT CRUDE OIL - Daily - Technical analysis published on 04/16/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Additional analysis
Quotes
The BRENT CRUDE OIL price is 67.11 USD. The price has increased by +0.25% since the last closing with the lowest point at 66.75 USD and the highest point at 67.38 USD. The deviation from the price is +0.54% for the low point and -0.40% for the high point.The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by BRENT CRUDE OIL:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of BRENT CRUDE OIL indicates that the overall trend is strongly bullish. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 14 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
CCI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
CCI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
MACD indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
MACD indicator is back over 0
Type : Bullish
Timeframe : Daily
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.
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 50.47 | 56.23 | 64.98 | 67.11 | 69.63 | 74.57 | 79.69 |
Change (%) | -24.80% | -16.21% | -3.17% | - | +3.76% | +11.12% | +18.75% |
Change | -16.64 | -10.88 | -2.13 | - | +2.52 | +7.46 | +12.58 |
Level | Major | Major | Intermediate | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 65.19 | 65.57 | 66.26 | 66.64 | 67.33 | 67.71 | 68.40 |
Camarilla | 66.65 | 66.74 | 66.84 | 66.94 | 67.04 | 67.14 | 67.23 |
Woodie | 65.34 | 65.65 | 66.41 | 66.72 | 67.48 | 67.79 | 68.55 |
Fibonacci | 65.57 | 65.98 | 66.24 | 66.64 | 67.05 | 67.31 | 67.71 |
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 57.62 | 59.43 | 61.19 | 63.00 | 64.76 | 66.57 | 68.33 |
Camarilla | 61.97 | 62.30 | 62.62 | 62.95 | 63.28 | 63.61 | 63.93 |
Woodie | 57.60 | 59.42 | 61.17 | 62.99 | 64.74 | 66.56 | 68.31 |
Fibonacci | 59.43 | 60.79 | 61.64 | 63.00 | 64.36 | 65.21 | 66.57 |
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 48.54 | 54.40 | 59.63 | 65.49 | 70.72 | 76.58 | 81.81 |
Camarilla | 61.81 | 62.83 | 63.84 | 64.86 | 65.88 | 66.89 | 67.91 |
Woodie | 48.23 | 54.24 | 59.32 | 65.33 | 70.41 | 76.42 | 81.50 |
Fibonacci | 54.40 | 58.64 | 61.25 | 65.49 | 69.73 | 72.34 | 76.58 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
RSI (14): | 58.52 | |
MACD (12,26,9): | 0.3600 | |
Directional Movement: | 5.11 | |
AROON (14): | 64.29 | |
DEMA (21): | 65.02 | |
Parabolic SAR (0,02-0,02-0,2): | 60.66 | |
Elder Ray (13): | 2.26 | |
Super Trend (3,10): | 70.05 | |
Zig ZAG (10): | 67.00 | |
VORTEX (21): | 0.9800 | |
Stochastique (14,3,5): | 95.62 | |
TEMA (21): | 64.74 | |
Williams %R (14): | -5.37 | |
Chande Momentum Oscillator (20): | 2.87 | |
Repulse (5,40,3): | 3.4200 | |
ROCnROLL: | 1 | |
TRIX (15,9): | -0.0300 | |
Courbe Coppock: | 3.97 |
MA7: | 64.82 | |
MA20: | 63.96 | |
MA50: | 64.58 | |
MA100: | 58.63 | |
MAexp7: | 65.42 | |
MAexp20: | 64.63 | |
MAexp50: | 63.10 | |
MAexp100: | 58.92 | |
Price / MA7: | +3.53% | |
Price / MA20: | +4.92% | |
Price / MA50: | +3.92% | |
Price / MA100: | +14.46% | |
Price / MAexp7: | +2.58% | |
Price / MAexp20: | +3.84% | |
Price / MAexp50: | +6.35% | |
Price / MAexp100: | +13.90% |
News
The last news published on BRENT CRUDE OIL at the time of the generation of this analysis was 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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