BRENT CRUDE OIL - 1H - Technical analysis published on 10/25/2023 (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:
Strongly bearish
Technical indicators
28%
44%
28%
My opinion
Bearish under 89.51 USD
My targets
86.30 USD (-2.03%)
85.48 USD (-2.96%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on BRENT CRUDE OIL as long as the price remains well below 89.51 USD. The sellers' bearish objective is set at 86.30 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 85.48 USD. In case of crossing, the next objective would be the support located at 84.18 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.6
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This analysis was given by ciaciocoin. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BRENT CRUDE OIL rating 88.09 USD. The price has increased by +0.02% since the last closing with the lowest point at 87.93 USD and the highest point at 88.25 USD. The deviation from the price is +0.18% for the low point and -0.18% for the high point.87.93
88.25
88.09
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of BRENT CRUDE OIL in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 84.18 | 85.48 | 86.30 | 88.09 | 88.15 | 89.51 | 90.65 |
| Change (%) | -4.44% | -2.96% | -2.03% | - | +0.07% | +1.61% | +2.91% |
| Change | -3.91 | -2.61 | -1.79 | - | +0.06 | +1.42 | +2.56 |
| Level | Major | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 83.40 | 85.37 | 86.72 | 88.69 | 90.04 | 92.01 | 93.36 |
| Camarilla | 87.15 | 87.45 | 87.76 | 88.06 | 88.36 | 88.67 | 88.97 |
| Woodie | 83.08 | 85.22 | 86.40 | 88.54 | 89.72 | 91.86 | 93.04 |
| Fibonacci | 85.37 | 86.64 | 87.43 | 88.69 | 89.96 | 90.75 | 92.01 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 84.50 | 86.69 | 89.42 | 91.61 | 94.34 | 96.53 | 99.26 |
| Camarilla | 90.81 | 91.26 | 91.71 | 92.16 | 92.61 | 93.06 | 93.51 |
| Woodie | 84.78 | 86.83 | 89.70 | 91.75 | 94.62 | 96.67 | 99.54 |
| Fibonacci | 86.69 | 88.57 | 89.73 | 91.61 | 93.49 | 94.65 | 96.53 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 77.33 | 81.55 | 86.88 | 91.10 | 96.43 | 100.65 | 105.98 |
| Camarilla | 89.57 | 90.45 | 91.33 | 92.20 | 93.08 | 93.95 | 94.83 |
| Woodie | 77.88 | 81.83 | 87.43 | 91.38 | 96.98 | 100.93 | 106.53 |
| Fibonacci | 81.55 | 85.20 | 87.46 | 91.10 | 94.75 | 97.01 | 100.65 |
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): | 33.07 | |
| MACD (12,26,9): | -0.6900 | |
| Directional Movement: | -26.00 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 87.84 | |
| Parabolic SAR (0,02-0,02-0,2): | 88.43 | |
| Elder Ray (13): | -0.29 | |
| Super Trend (3,10): | 89.32 | |
| Zig ZAG (10): | 88.12 | |
| VORTEX (21): | 0.7900 | |
| Stochastique (14,3,5): | 24.66 | |
| TEMA (21): | 87.69 | |
| Williams %R (14): | -73.36 | |
| Chande Momentum Oscillator (20): | -1.14 | |
| Repulse (5,40,3): | -0.0100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1100 | |
| Courbe Coppock: | 4.23 |
| MA7: | 90.27 | |
| MA20: | 89.08 | |
| MA50: | 87.83 | |
| MA100: | 82.11 | |
| MAexp7: | 88.14 | |
| MAexp20: | 88.76 | |
| MAexp50: | 89.85 | |
| MAexp100: | 90.39 | |
| Price / MA7: | -2.41% | |
| Price / MA20: | -1.11% | |
| Price / MA50: | +0.30% | |
| Price / MA100: | +7.28% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | -0.75% | |
| Price / MAexp50: | -1.96% | |
| Price / MAexp100: | -2.54% |
Quotes :
-
10 min delayed data
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NYMEX Futures
News
The last news published on BRENT CRUDE OIL at the time of the generation of this analysis was as follows:
-
'FASTEN YOUR SEATBELTS': Brent Bozell warns of Alex Soros' Open Society Foundations takeover
-
It's 'increasingly likely' the missing submersible imploded: Brent Sadler
-
Trade of the Week: Short Brent crude
-
Trade of the Week - Monday 5th December: long Brent crude
-
Trade of the Week: Brent Crude 📉
This member declared not having a position on this financial instrument or a related financial instrument.
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