MINI CRUDE OIL FULL0524
MINI CRUDE OIL FULL0524
- USD (-)
- 10 min delayed data - NYMEX E-mini Futures
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Futures
Ticker: QMXXXX
ISIN: QMXXXX

MINI CRUDE OIL FULL0524 - 1H - Technical analysis published on 06/08/2023 (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%
78%
11%
My opinion
Bearish under 71.046 USD
My targets
69.025 USD (-2.06%)
66.800 USD (-5.21%)
My analysis
In the short term, we can see an acceleration in the bearish trend on MINI CRUDE OIL FULL0723, which is a positive signal for sellers. As long as the price remains above 71.046 USD, a sale could be considered. The first bearish objective is located at 69.025 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 66.800 USD as an objective. Crossing it would then enable sellers to target 52.467 USD. If the price were to return above 71.046 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.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
6.1

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 Rainer76. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The MINI CRUDE OIL FULL0723 price is 70.475 USD. On the day, this instrument lost -2.83% with the lowest point at 69.050 USD and the highest point at 73.300 USD. The deviation from the price is +2.06% for the low point and -3.85% for the high point.

69.050
73.300
70.475

Here is a more detailed summary of the historical variations registered by MINI CRUDE OIL FULL0723:
The Central Records scanner for higher/lower results shows an item:

Central Records

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of MINI CRUDE OIL FULL0723 in 1H shows an overall bearish trend. 71.43% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 50

Type : Bearish

Timeframe : 1 hour


Bearish trend reversal : Moving Average 100

Type : Bearish

Timeframe : 1 hour


Bearish trend reversal : adaptative moving average 100

Type : Bearish

Timeframe : 1 hour



In fact, 14 technical indicators on 18 studied are currently positioned bearish. 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 scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is under support 2

Type : Neutral

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Central Candlesticks

Long black line

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 52.467 66.800 69.025 70.475 71.046 71.825 73.175
Change (%) -25.55% -5.21% -2.06% - +0.81% +1.92% +3.83%
Change -18.008 -3.675 -1.450 - +0.571 +1.350 +2.700
Level Major Major Minor - Major Major Intermediate



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard69.15870.09271.30872.24273.45874.39275.608
Camarilla71.93472.13172.32872.52572.72272.91973.116
Woodie69.30070.16371.45072.31373.60074.46375.750
Fibonacci70.09270.91371.42072.24273.06373.57074.392


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard61.50864.26768.00870.76774.50877.26781.008
Camarilla69.96370.55871.15471.75072.34672.94273.538
Woodie62.00064.51368.50071.01375.00077.51381.500
Fibonacci64.26766.75068.28470.76773.25074.78477.267


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard51.45857.61763.85870.01776.25882.41788.658
Camarilla66.69067.82768.96370.10071.23772.37373.510
Woodie51.50057.63863.90070.03876.30082.43888.700
Fibonacci57.61762.35465.28070.01774.75477.68082.417

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): 25.67
MACD (12,26,9): -0.1390
Directional Movement: -36.097
AROON (14): -35.714
DEMA (21): 72.171
Parabolic SAR (0,02-0,02-0,2): 73.211
Elder Ray (13): -1.520
Super Trend (3,10): 72.756
Zig ZAG (10): 69.600
VORTEX (21): 0.6560
Stochastique (14,3,5): 14.30
TEMA (21): 71.776
Williams %R (14): -95.21
Chande Momentum Oscillator (20): -3.100
Repulse (5,40,3): -4.0600
ROCnROLL: 2
TRIX (15,9): 0.0050
Courbe Coppock: 2.79
MA7: 70.786
MA20: 71.580
MA50: 74.721
MA100: 75.404
MAexp7: 71.061
MAexp20: 72.257
MAexp50: 72.147
MAexp100: 71.880
Price / MA7: -0.44%
Price / MA20: -1.54%
Price / MA50: -5.68%
Price / MA100: -6.54%
Price / MAexp7: -0.82%
Price / MAexp20: -2.47%
Price / MAexp50: -2.32%
Price / MAexp100: -1.95%

Quotes : - 10 min delayed data - NYMEX E-mini Futures

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

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