IPATH SERIES B S&P GSCI CRUDE OIL - Daily - Technical analysis published on 08/17/2019 (GMT)
- Who voted?
- 103
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
IPATH SERIES B S&P GSCI CRUDE OIL Chart
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
39%
22%
39%
My opinion
Bearish under 59.36 USD
My targets
55.15 USD (-1.43%)
52.19 USD (-6.72%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on IPATH SERIES B S&P GSCI CRUDE OIL as long as the price remains well below 59.36 USD. The sellers” bearish objective is set at 55.15 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 52.19 USD. In case of crossing, the next objective would be the support located at 48.63 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
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 hsokkar.
Additional analysis
Quotes
The IPATH SERIES B S&P GSCI CRUDE OIL price is 55.95 USD. The price registered an increase of +0.59% on the session with the lowest point at 55.53 USD and the highest point at 55.95 USD. The deviation from the price is +0.76% for the low point and 0% for the high point.55.53
55.95
55.95
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by IPATH SERIES B S&P GSCI CRUDE OIL:
Technical
Technical analysis of IPATH SERIES B S&P GSCI CRUDE OIL in Daily shows a overall strongly bearish trend. 85.71% 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.
On the 18 technical indicators analysed, 7 are bullish, 7 are neutral and 4 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of triangle
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 48.63 | 52.19 | 55.15 | 55.95 | 59.36 | 61.58 | 64.50 |
Change (%) | -13.08% | -6.72% | -1.43% | - | +6.09% | +10.06% | +15.28% |
Change | -7.32 | -3.76 | -0.80 | - | +3.41 | +5.63 | +8.55 |
Level | Minor | Major | Minor | - | Major | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 54.65 | 54.89 | 55.26 | 55.50 | 55.87 | 56.11 | 56.48 |
Camarilla | 55.45 | 55.51 | 55.56 | 55.62 | 55.68 | 55.73 | 55.79 |
Woodie | 54.71 | 54.92 | 55.32 | 55.53 | 55.93 | 56.14 | 56.54 |
Fibonacci | 54.89 | 55.13 | 55.27 | 55.50 | 55.74 | 55.88 | 56.11 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 47.59 | 49.54 | 52.45 | 54.40 | 57.31 | 59.26 | 62.17 |
Camarilla | 54.02 | 54.47 | 54.91 | 55.36 | 55.81 | 56.25 | 56.70 |
Woodie | 48.07 | 49.78 | 52.93 | 54.64 | 57.79 | 59.50 | 62.65 |
Fibonacci | 49.54 | 51.40 | 52.54 | 54.40 | 56.26 | 57.41 | 59.26 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 49.97 | 52.93 | 56.02 | 58.97 | 62.06 | 65.02 | 68.11 |
Camarilla | 57.45 | 58.00 | 58.56 | 59.11 | 59.66 | 60.22 | 60.77 |
Woodie | 50.04 | 52.96 | 56.09 | 59.01 | 62.13 | 65.05 | 68.18 |
Fibonacci | 52.93 | 55.24 | 56.66 | 58.97 | 61.28 | 62.71 | 65.02 |
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): | 47.06 | |
MACD (12,26,9): | -0.6000 | |
Directional Movement: | -4.06 | |
AROON (14): | -35.71 | |
DEMA (21): | 55.67 | |
Parabolic SAR (0,02-0,02-0,2): | 51.90 | |
Elder Ray (13): | -0.41 | |
Super Trend (3,10): | 52.02 | |
Zig ZAG (10): | 55.95 | |
VORTEX (21): | 0.9000 | |
Stochastique (14,3,5): | 54.42 | |
TEMA (21): | 55.49 | |
Williams %R (14): | -45.23 | |
Chande Momentum Oscillator (20): | -3.16 | |
Repulse (5,40,3): | 3.6900 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.1700 | |
Courbe Coppock: | 5.83 |
MA7: | 55.86 | |
MA20: | 56.47 | |
MA50: | 57.17 | |
MA100: | 59.95 | |
MAexp7: | 55.98 | |
MAexp20: | 56.47 | |
MAexp50: | 57.49 | |
MAexp100: | 58.21 | |
Price / MA7: | +0.16% | |
Price / MA20: | -0.92% | |
Price / MA50: | -2.13% | |
Price / MA100: | -6.67% | |
Price / MAexp7: | -0.05% | |
Price / MAexp20: | -0.92% | |
Price / MAexp50: | -2.68% | |
Price / MAexp100: | -3.88% |
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis IPATH SERIES B S&P GSCI CRUDE OIL - Daily