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 09/22/2021 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 74.49 USD
My targets
75.86 USD (+0.68%)
77.15 USD (+2.39%)
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 74.49 USD. The next resistance located at 75.86 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 77.15 USD. After this resistance, buyers could then target 86.29 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
7.7

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

The BRENT CRUDE OIL rating is 75.35 USD. On the day, this instrument gained +1.33% and was between 74.51 USD and 75.57 USD. This implies that the price is at +1.13% from its lowest and at -0.29% from its highest.

74.51
75.57
75.35

The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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 this 1H chart of BRENT CRUDE OIL indicates that the overall trend is strongly bullish. 85.71% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 14 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



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.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 73.52 74.49 75.18 75.35 75.86 77.15 86.29
Change (%) -2.43% -1.14% -0.23% - +0.68% +2.39% +14.52%
Change -1.83 -0.86 -0.17 - +0.51 +1.80 +10.94
Level Minor Intermediate Minor - Intermediate Intermediate Intermediate



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
Standard71.4372.3473.3574.2675.2776.1877.19
Camarilla73.8374.0174.1874.3674.5474.7174.89
Woodie71.4872.3773.4074.2975.3276.2177.24
Fibonacci72.3473.0773.5374.2674.9975.4576.18


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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 64.79
MACD (12,26,9): 0.2400
Directional Movement: 6.70
AROON (14): 100.00
DEMA (21): 75.16
Parabolic SAR (0,02-0,02-0,2): 74.34
Elder Ray (13): 0.42
Super Trend (3,10): 74.49
Zig ZAG (10): 75.31
VORTEX (21): 1.1000
Stochastique (14,3,5): 80.75
TEMA (21): 75.27
Williams %R (14): -21.33
Chande Momentum Oscillator (20): 0.73
Repulse (5,40,3): -0.1600
ROCnROLL: 1
TRIX (15,9): 0.0200
Courbe Coppock: 2.41
MA7: 74.83
MA20: 73.14
MA50: 72.01
MA100: 71.96
MAexp7: 75.16
MAexp20: 74.92
MAexp50: 74.75
MAexp100: 74.66
Price / MA7: +0.69%
Price / MA20: +3.02%
Price / MA50: +4.64%
Price / MA100: +4.71%
Price / MAexp7: +0.25%
Price / MAexp20: +0.57%
Price / MAexp50: +0.80%
Price / MAexp100: +0.92%

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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