BRENT CRUDE OIL - 15 min. - Technical analysis published on 01/20/2022 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Slightly bearish
Technical indicators
56%
6%
39%
My opinion
Neutral between 87.66 USD and 88.41 USD
My targets
-
My analysis
The neutral short-term trend shows a weakening of the basic, slightly bearish trend on BRENT CRUDE OIL. It is difficult to advise a trading direction under these conditions. The first support is located at 87.66 USD. The first resistance is located at 88.41 USD. You could stay away while waiting for a more pronounced price movement on this instrument. A new analysis could then be produced that would give clearer signals.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.
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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
The BRENT CRUDE OIL rating is 87.98 USD. The price registered a decrease of -0.52% on the session and was between 87.29 USD and 88.56 USD. This implies that the price is at +0.79% from its lowest and at -0.65% from its highest.87.29
88.56
87.98
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
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:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
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 15 min. chart of BRENT CRUDE OIL indicates that the overall trend is slightly bearish. 53.57% of the signals given by moving averages are bearish. As the signals currently given by short-term moving averages are rather neutral, the slightly bearish trend could return to neutral. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 15 minutes
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 15 minutes
In fact, 10 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 82.43 | 85.20 | 86.29 | 87.98 | 88.12 | 89.17 | 105.24 |
| Change (%) | -6.31% | -3.16% | -1.92% | - | +0.16% | +1.35% | +19.62% |
| Change | -5.55 | -2.78 | -1.69 | - | +0.14 | +1.19 | +17.26 |
| Level | Intermediate | Minor | Major | - | Minor | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 86.12 | 86.87 | 87.66 | 88.41 | 89.20 | 89.95 | 90.74 |
| Camarilla | 88.02 | 88.16 | 88.30 | 88.44 | 88.58 | 88.72 | 88.86 |
| Woodie | 86.13 | 86.88 | 87.67 | 88.42 | 89.21 | 89.96 | 90.75 |
| Fibonacci | 86.87 | 87.46 | 87.83 | 88.41 | 89.00 | 89.37 | 89.95 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 76.19 | 78.34 | 82.20 | 84.35 | 88.21 | 90.36 | 94.22 |
| Camarilla | 84.41 | 84.96 | 85.51 | 86.06 | 86.61 | 87.16 | 87.71 |
| Woodie | 77.05 | 78.77 | 83.06 | 84.78 | 89.07 | 90.79 | 95.08 |
| Fibonacci | 78.34 | 80.64 | 82.05 | 84.35 | 86.65 | 88.06 | 90.36 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 54.11 | 59.75 | 68.76 | 74.40 | 83.41 | 89.05 | 98.06 |
| Camarilla | 73.75 | 75.09 | 76.44 | 77.78 | 79.12 | 80.47 | 81.81 |
| Woodie | 55.81 | 60.59 | 70.46 | 75.24 | 85.11 | 89.89 | 99.76 |
| Fibonacci | 59.75 | 65.34 | 68.80 | 74.40 | 79.99 | 83.45 | 89.05 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 50.60 | |
| MACD (12,26,9): | -0.0300 | |
| Directional Movement: | 1.52 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 87.94 | |
| Parabolic SAR (0,02-0,02-0,2): | 87.63 | |
| Elder Ray (13): | 0.09 | |
| Super Trend (3,10): | 88.29 | |
| Zig ZAG (10): | 88.06 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 81.29 | |
| TEMA (21): | 87.93 | |
| Williams %R (14): | -33.78 | |
| Chande Momentum Oscillator (20): | 0.10 | |
| Repulse (5,40,3): | 0.0600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.47 |
| MA7: | 86.52 | |
| MA20: | 82.18 | |
| MA50: | 78.07 | |
| MA100: | 77.84 | |
| MAexp7: | 87.99 | |
| MAexp20: | 87.99 | |
| MAexp50: | 88.05 | |
| MAexp100: | 88.06 | |
| Price / MA7: | +1.69% | |
| Price / MA20: | +7.06% | |
| Price / MA50: | +12.69% | |
| Price / MA100: | +13.03% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | -0.08% | |
| Price / MAexp100: | -0.09% |
Quotes :
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10 min delayed data
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NYMEX Futures
News
Don't forget to follow the news on BRENT CRUDE OIL. At the time of publication of this analysis, the latest news was 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.
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