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 09/20/2021 (GMT)

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  • Timeframe : 1H
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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

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

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.

Central Gaps

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:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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:

Central Indicators

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

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

Central Indicators

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


S3S2S1PriceR1R2R3
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
Standard73.4674.0274.6675.2275.8676.4277.06
Camarilla74.9775.0875.1975.3075.4175.5275.63
Woodie73.5074.0474.7075.2475.9076.4477.10
Fibonacci74.0274.4874.7675.2275.6875.9676.42


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard69.8671.2873.2974.7176.7278.1480.15
Camarilla74.3674.6774.9975.3075.6175.9376.24
Woodie70.1671.4373.5974.8677.0278.2980.45
Fibonacci71.2872.5973.4074.7176.0276.8378.14


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard55.0559.9365.5870.4676.1180.9986.64
Camarilla68.3469.3170.2871.2472.2173.1774.14
Woodie55.4560.1265.9870.6576.5181.1887.04
Fibonacci59.9363.9566.4370.4674.4876.9680.99

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

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

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