BRENT CRUDE OIL - 1H - Technical analysis published on 09/20/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
11%
83%
6%
My opinion
Bearish under 74.49 USD
My targets
73.09 USD (-1.44%)
70.89 USD (-4.41%)
My analysis
In the short term, we can see an acceleration in the bearish trend on BRENT CRUDE OIL, which is a positive signal for sellers. As long as the price remains above 74.49 USD, a sale could be considered. The first bearish objective is located at 73.09 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 70.89 USD as an objective. Crossing it would then enable sellers to target 69.11 USD. If the price were to return above 74.49 USD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
5.9
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BRENT CRUDE OIL rating 74.16 USD. On the day, this instrument lost -1.57% with the lowest point at 73.74 USD and the highest point at 75.39 USD. The deviation from the price is +0.57% for the low point and -1.63% for the high point.73.74
75.39
74.16
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
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 bearish trend. 67.86% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further decline is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 2
Type : Neutral
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.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 69.11 | 70.89 | 73.09 | 74.16 | 74.49 | 75.23 | 75.86 |
Change (%) | -6.81% | -4.41% | -1.44% | - | +0.44% | +1.44% | +2.29% |
Change | -5.05 | -3.27 | -1.07 | - | +0.33 | +1.07 | +1.70 |
Level | Major | Intermediate | Major | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 73.46 | 74.02 | 74.66 | 75.22 | 75.86 | 76.42 | 77.06 |
Camarilla | 74.97 | 75.08 | 75.19 | 75.30 | 75.41 | 75.52 | 75.63 |
Woodie | 73.50 | 74.04 | 74.70 | 75.24 | 75.90 | 76.44 | 77.10 |
Fibonacci | 74.02 | 74.48 | 74.76 | 75.22 | 75.68 | 75.96 | 76.42 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 69.86 | 71.28 | 73.29 | 74.71 | 76.72 | 78.14 | 80.15 |
Camarilla | 74.36 | 74.67 | 74.99 | 75.30 | 75.61 | 75.93 | 76.24 |
Woodie | 70.16 | 71.43 | 73.59 | 74.86 | 77.02 | 78.29 | 80.45 |
Fibonacci | 71.28 | 72.59 | 73.40 | 74.71 | 76.02 | 76.83 | 78.14 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 55.05 | 59.93 | 65.58 | 70.46 | 76.11 | 80.99 | 86.64 |
Camarilla | 68.34 | 69.31 | 70.28 | 71.24 | 72.21 | 73.17 | 74.14 |
Woodie | 55.45 | 60.12 | 65.98 | 70.65 | 76.51 | 81.18 | 87.04 |
Fibonacci | 59.93 | 63.95 | 66.43 | 70.46 | 74.48 | 76.96 | 80.99 |
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): | 31.33 | |
MACD (12,26,9): | -0.2500 | |
Directional Movement: | -25.80 | |
AROON (14): | -85.71 | |
DEMA (21): | 74.53 | |
Parabolic SAR (0,02-0,02-0,2): | 75.14 | |
Elder Ray (13): | -0.64 | |
Super Trend (3,10): | 75.12 | |
Zig ZAG (10): | 73.89 | |
VORTEX (21): | 0.8200 | |
Stochastique (14,3,5): | 10.50 | |
TEMA (21): | 74.18 | |
Williams %R (14): | -91.43 | |
Chande Momentum Oscillator (20): | -1.40 | |
Repulse (5,40,3): | -0.6400 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.0400 | |
Courbe Coppock: | 1.99 |
MA7: | 74.37 | |
MA20: | 72.80 | |
MA50: | 72.03 | |
MA100: | 71.84 | |
MAexp7: | 74.31 | |
MAexp20: | 74.83 | |
MAexp50: | 74.99 | |
MAexp100: | 74.71 | |
Price / MA7: | -0.28% | |
Price / MA20: | +1.87% | |
Price / MA50: | +2.96% | |
Price / MA100: | +3.23% | |
Price / MAexp7: | -0.20% | |
Price / MAexp20: | -0.90% | |
Price / MAexp50: | -1.11% | |
Price / MAexp100: | -0.74% |
Quotes :
-
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:
- Brent Crude Breakout Imminent
- 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
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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…
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