Londinia Opportunities Analyses - 05/01/2024 (GMT) OATS - 1H
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
11%
17%
My opinion
Bullish above 366.34 USD
My targets
382.50 USD (+2.41%)
383.75 USD (+2.74%)
My analysis
OATS is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 366.34 USD. The next resistance located at 382.50 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 383.75 USD. After this resistance, buyers could then target 418.00 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8
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Additional analysis
Quotes
OATS rating 373.50 USD. On the day, this instrument gained +1.08% with the lowest point at 367.75 USD and the highest point at 375.75 USD. The deviation from the price is +1.56% for the low point and -0.60% for the high point.367.75
375.75
373.50
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by OATS:
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 1H chart of OATS indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 13 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 346.89 | 357.12 | 366.34 | 373.50 | 383.75 | 418.00 | 461.75 |
| Change (%) | -7.12% | -4.39% | -1.92% | - | +2.74% | +11.91% | +23.63% |
| Change | -26.61 | -16.38 | -7.16 | - | +10.25 | +44.50 | +88.25 |
| Level | Intermediate | Major | Major | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 341.33 | 352.67 | 361.08 | 372.42 | 380.83 | 392.17 | 400.58 |
| Camarilla | 364.07 | 365.88 | 367.69 | 369.50 | 371.31 | 373.12 | 374.93 |
| Woodie | 339.88 | 351.94 | 359.63 | 371.69 | 379.38 | 391.44 | 399.13 |
| Fibonacci | 352.67 | 360.21 | 364.87 | 372.42 | 379.96 | 384.62 | 392.17 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 330.00 | 336.25 | 347.50 | 353.75 | 365.00 | 371.25 | 382.50 |
| Camarilla | 353.94 | 355.54 | 357.15 | 358.75 | 360.35 | 361.96 | 363.56 |
| Woodie | 332.50 | 337.50 | 350.00 | 355.00 | 367.50 | 372.50 | 385.00 |
| Fibonacci | 336.25 | 342.94 | 347.07 | 353.75 | 360.44 | 364.57 | 371.25 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 311.83 | 326.92 | 336.08 | 351.17 | 360.33 | 375.42 | 384.58 |
| Camarilla | 338.58 | 340.80 | 343.03 | 345.25 | 347.47 | 349.70 | 351.92 |
| Woodie | 308.88 | 325.44 | 333.13 | 349.69 | 357.38 | 373.94 | 381.63 |
| Fibonacci | 326.92 | 336.18 | 341.90 | 351.17 | 360.43 | 366.15 | 375.42 |
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): | 55.58 | |
| MACD (12,26,9): | 1.1900 | |
| Directional Movement: | 10.79 | |
| AROON (14): | -14.29 | |
| DEMA (21): | 373.02 | |
| Parabolic SAR (0,02-0,02-0,2): | 375.75 | |
| Elder Ray (13): | 1.70 | |
| Super Trend (3,10): | 381.04 | |
| Zig ZAG (10): | 373.50 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 64.12 | |
| TEMA (21): | 372.09 | |
| Williams %R (14): | -30.91 | |
| Chande Momentum Oscillator (20): | 8.00 | |
| Repulse (5,40,3): | -0.5100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 1.07 |
| MA7: | 361.50 | |
| MA20: | 344.57 | |
| MA50: | 348.10 | |
| MA100: | 347.52 | |
| MAexp7: | 372.48 | |
| MAexp20: | 371.29 | |
| MAexp50: | 367.60 | |
| MAexp100: | 361.43 | |
| Price / MA7: | +3.32% | |
| Price / MA20: | +8.40% | |
| Price / MA50: | +7.30% | |
| Price / MA100: | +7.48% | |
| Price / MAexp7: | +0.27% | |
| Price / MAexp20: | +0.60% | |
| Price / MAexp50: | +1.61% | |
| Price / MAexp100: | +3.34% |
Quotes :
-
10 min delayed data
-
Futures CBOT
News
The last news published on OATS at the time of the generation of this analysis was as follows:
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