LIGHT CRUDE OIL ONLY0325 - 1H - Technical analysis published on 01/16/2025 (GMT)
- 87
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
17%
39%
44%
My opinion
Bullish above 77.39 USD
My targets
78.70 USD (+0.45%)
80.83 USD (+3.17%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 77.39 USD remains possible. It is advisable to trade LIGHT CRUDE OIL ONLY0325 with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 77.39 USD. The next bullish objective for buyers is set at 78.70 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 80.83 USD. PS: if there is a bearish break in the support located at 77.39 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bullish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
3.2
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This analysis was given by shachafk. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
LIGHT CRUDE OIL ONLY0325 rating 78.35 USD. On the day, this instrument lost -0.46% with the lowest point at 77.76 USD and the highest point at 79.21 USD. The deviation from the price is +0.76% for the low point and -1.09% for the high point.77.76
79.21
78.35
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by LIGHT CRUDE OIL ONLY0325:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Abnormal volumes on LIGHT CRUDE OIL ONLY0325 were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of LIGHT CRUDE OIL ONLY0325 indicates that the overall trend is bullish. The signals given by moving averages are 78.57% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a slightly bearish signal.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 74.89 | 76.17 | 77.39 | 78.35 | 78.70 | 80.83 |
| Change (%) | -4.42% | -2.78% | -1.23% | - | +0.45% | +3.17% |
| Change | -3.46 | -2.18 | -0.96 | - | +0.35 | +2.48 |
| Level | Major | Intermediate | Intermediate | - | Major | Minor |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 73.55 | 74.86 | 76.78 | 78.09 | 80.01 | 81.32 | 83.24 |
| Camarilla | 77.82 | 78.12 | 78.41 | 78.71 | 79.01 | 79.30 | 79.60 |
| Woodie | 73.87 | 75.01 | 77.10 | 78.24 | 80.33 | 81.47 | 83.56 |
| Fibonacci | 74.86 | 76.09 | 76.85 | 78.09 | 79.32 | 80.08 | 81.32 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 68.31 | 70.26 | 73.00 | 74.95 | 77.69 | 79.64 | 82.38 |
| Camarilla | 74.46 | 74.89 | 75.32 | 75.75 | 76.18 | 76.61 | 77.04 |
| Woodie | 68.72 | 70.46 | 73.41 | 75.15 | 78.10 | 79.84 | 82.79 |
| Fibonacci | 70.26 | 72.05 | 73.16 | 74.95 | 76.74 | 77.85 | 79.64 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 63.06 | 64.80 | 68.03 | 69.77 | 73.00 | 74.74 | 77.97 |
| Camarilla | 69.88 | 70.34 | 70.79 | 71.25 | 71.71 | 72.16 | 72.62 |
| Woodie | 63.80 | 65.17 | 68.77 | 70.14 | 73.74 | 75.11 | 78.71 |
| Fibonacci | 64.80 | 66.70 | 67.88 | 69.77 | 71.67 | 72.85 | 74.74 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 53.98 | |
| MACD (12,26,9): | 0.1900 | |
| Directional Movement: | 1.64 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 78.75 | |
| Parabolic SAR (0,02-0,02-0,2): | 78.76 | |
| Elder Ray (13): | -0.01 | |
| Super Trend (3,10): | 79.13 | |
| Zig ZAG (10): | 78.45 | |
| VORTEX (21): | 1.1100 | |
| Stochastique (14,3,5): | 41.38 | |
| TEMA (21): | 78.58 | |
| Williams %R (14): | -56.55 | |
| Chande Momentum Oscillator (20): | -0.61 | |
| Repulse (5,40,3): | -0.0400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0700 | |
| Courbe Coppock: | 1.27 |
| MA7: | 76.06 | |
| MA20: | 72.60 | |
| MA50: | 70.20 | |
| MA100: | 69.62 | |
| MAexp7: | 78.42 | |
| MAexp20: | 78.43 | |
| MAexp50: | 77.84 | |
| MAexp100: | 76.94 | |
| Price / MA7: | +3.01% | |
| Price / MA20: | +7.92% | |
| Price / MA50: | +11.61% | |
| Price / MA100: | +12.54% | |
| Price / MAexp7: | -0.09% | |
| Price / MAexp20: | -0.10% | |
| Price / MAexp50: | +0.66% | |
| Price / MAexp100: | +1.83% |
Quotes :
-
10 min delayed data
-
NYMEX Futures
This member declared not having a position on this financial instrument or a related financial instrument.
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