LIGHT CRUDE OIL ONLY0325 - Daily - Technical analysis published on 01/17/2025 (GMT)
- 70
- 0
- Timeframe : Daily
- - Analysis generated on
- Status : IN PROGRESS...
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above
My targets
()
()
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on LIGHT CRUDE OIL ONLY0325 as long as the price remains well above . The buyers' bullish objective is set at . A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at . However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.4
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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 77.65 USD. The price registered a decrease of -0.26% on the session with the lowest point at 77.20 USD and the highest point at 78.55 USD. The deviation from the price is +0.58% for the low point and -1.15% for the high point.77.20
78.55
77.65
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in Daily of this LIGHT CRUDE OIL ONLY0325 chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
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 | 70.39 | 74.89 | 77.39 | 77.65 | 78.70 | 80.83 |
| Change (%) | -9.35% | -3.55% | -0.33% | - | +1.35% | +4.10% |
| Change | -7.26 | -2.76 | -0.26 | - | +1.05 | +3.18 |
| Level | Intermediate | Major | Intermediate | - | Major | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 74.50 | 75.72 | 76.78 | 78.00 | 79.06 | 80.28 | 81.34 |
| Camarilla | 77.22 | 77.43 | 77.64 | 77.85 | 78.06 | 78.27 | 78.48 |
| Woodie | 74.43 | 75.68 | 76.71 | 77.96 | 78.99 | 80.24 | 81.27 |
| Fibonacci | 75.72 | 76.59 | 77.13 | 78.00 | 78.87 | 79.41 | 80.28 |
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): | 70.22 | |
| MACD (12,26,9): | 2.2100 | |
| Directional Movement: | 25.41 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 76.58 | |
| Parabolic SAR (0,02-0,02-0,2): | 76.04 | |
| Elder Ray (13): | 2.69 | |
| Super Trend (3,10): | 72.53 | |
| Zig ZAG (10): | 77.79 | |
| VORTEX (21): | 1.2300 | |
| Stochastique (14,3,5): | 87.26 | |
| TEMA (21): | 78.06 | |
| Williams %R (14): | -16.60 | |
| Chande Momentum Oscillator (20): | 6.53 | |
| Repulse (5,40,3): | -0.4900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3400 | |
| Courbe Coppock: | 19.10 |
| MA7: | 76.71 | |
| MA20: | 72.99 | |
| MA50: | 70.32 | |
| MA100: | 69.67 | |
| MAexp7: | 76.67 | |
| MAexp20: | 73.93 | |
| MAexp50: | 71.60 | |
| MAexp100: | 71.02 | |
| Price / MA7: | +1.23% | |
| Price / MA20: | +6.38% | |
| Price / MA50: | +10.42% | |
| Price / MA100: | +11.45% | |
| Price / MAexp7: | +1.28% | |
| Price / MAexp20: | +5.03% | |
| Price / MAexp50: | +8.45% | |
| Price / MAexp100: | +9.34% |
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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