Londinia Opportunities Analyses - 06/24/2022 (GMT) OATS - Daily
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
- FX/Indices
- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
83%
6%
My opinion
Bearish under 561.75 USD
My targets
512.50 USD (-4.83%)
479.25 USD (-11.00%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on OATS as long as the price remains well below 561.75 USD. The sellers' bearish objective is set at 512.50 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 479.25 USD. In case of crossing, the next objective would be the support located at 387.25 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
8
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Additional analysis
Quotes
The OATS rating is 538.50 USD. On the day, this instrument gained +0.00% and was between 538.00 USD and 538.50 USD. This implies that the price is at +0.09% from its lowest and at 0% from its highest.538.00
538.50
538.50
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:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Journalier of this OATS chart shows a sharp bearish trend. 89.29% 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. An assessment of moving averages reveals a bearish signal that could impact this trend:
Moving Average bearish crossovers : AMA50 & AMA100
Type : Bearish
Timeframe : Daily
In fact, 15 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
Bullish harami cross
Type : Bullish
Timeframe : Daily
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 479.25 | 512.50 | 536.50 | 538.50 | 561.75 | 614.43 | 697.58 |
| Change (%) | -11.00% | -4.83% | -0.37% | - | +4.32% | +14.10% | +29.54% |
| Change | -59.25 | -26.00 | -2.00 | - | +23.25 | +75.93 | +159.08 |
| Level | Minor | Minor | Major | - | Minor | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 474.67 | 506.08 | 521.92 | 553.33 | 569.17 | 600.58 | 616.42 |
| Camarilla | 524.76 | 529.09 | 533.42 | 537.75 | 542.08 | 546.41 | 550.74 |
| Woodie | 466.88 | 502.19 | 514.13 | 549.44 | 561.38 | 596.69 | 608.63 |
| Fibonacci | 506.08 | 524.13 | 535.28 | 553.33 | 571.38 | 582.53 | 600.58 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 554.33 | 574.17 | 597.33 | 617.17 | 640.33 | 660.17 | 683.33 |
| Camarilla | 608.68 | 612.62 | 616.56 | 620.50 | 624.44 | 628.38 | 632.33 |
| Woodie | 556.00 | 575.00 | 599.00 | 618.00 | 642.00 | 661.00 | 685.00 |
| Fibonacci | 574.17 | 590.59 | 600.74 | 617.17 | 633.59 | 643.74 | 660.17 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 425.42 | 486.83 | 547.92 | 609.33 | 670.42 | 731.83 | 792.92 |
| Camarilla | 575.31 | 586.54 | 597.77 | 609.00 | 620.23 | 631.46 | 642.69 |
| Woodie | 425.25 | 486.75 | 547.75 | 609.25 | 670.25 | 731.75 | 792.75 |
| Fibonacci | 486.83 | 533.63 | 562.54 | 609.33 | 656.13 | 685.04 | 731.83 |
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): | 31.00 | |
| MACD (12,26,9): | -15.6900 | |
| Directional Movement: | -21.84 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 586.91 | |
| Parabolic SAR (0,02-0,02-0,2): | 627.91 | |
| Elder Ray (13): | -56.50 | |
| Super Trend (3,10): | 605.36 | |
| Zig ZAG (10): | 538.50 | |
| VORTEX (21): | 0.8600 | |
| Stochastique (14,3,5): | 4.88 | |
| TEMA (21): | 576.43 | |
| Williams %R (14): | -99.16 | |
| Chande Momentum Oscillator (20): | -92.00 | |
| Repulse (5,40,3): | -9.3500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1200 | |
| Courbe Coppock: | 15.38 |
| MA7: | 588.89 | |
| MA20: | 616.95 | |
| MA50: | 625.16 | |
| MA100: | 635.87 | |
| MAexp7: | 577.76 | |
| MAexp20: | 603.71 | |
| MAexp50: | 619.44 | |
| MAexp100: | 619.19 | |
| Price / MA7: | -8.56% | |
| Price / MA20: | -12.72% | |
| Price / MA50: | -13.86% | |
| Price / MA100: | -15.31% | |
| Price / MAexp7: | -6.80% | |
| Price / MAexp20: | -10.80% | |
| Price / MAexp50: | -13.07% | |
| Price / MAexp100: | -13.03% |
Quotes :
-
10 min delayed data
-
Futures CBOT
News
Don't forget to follow the news on OATS. At the time of publication of this analysis, the latest news was as follows:
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