LIGHT CRUDE OIL ONLY0325 - 1H - Technical analysis published on 01/17/2025 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
17%
61%
22%
My opinion
Bearish under 78.70 USD
My targets
77.39 USD (-0.36%)
76.19 USD (-1.91%)
My analysis
The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for LIGHT CRUDE OIL ONLY0325 as long as the price remains well below 78.70 USD. The next bearish objective for sellers is set at 77.39 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 76.19 USD. In case of crossing, the next objective would be the support located at 74.89 USD. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 77.39 USD. With this support, against the trend traders who want to buy LIGHT CRUDE OIL ONLY0325 on a buy signal from their trading strategy should not hesitate to act.
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
2.1
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This analysis was given by shachafk. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The LIGHT CRUDE OIL ONLY0325 rating is 77.67 USD. The price registered a decrease of -0.23% on the session and was traded between 77.20 USD and 78.55 USD over the period. The price is currently at +0.61% from its lowest and -1.12% from its highest.77.20
78.55
77.67
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
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 slightly bullish. 53.57% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently being given by short-term moving averages indicate that this slightly bullish trend could be reversed. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 74.89 | 76.19 | 77.39 | 77.67 | 78.70 | 79.39 | 80.83 |
| Change (%) | -3.58% | -1.91% | -0.36% | - | +1.33% | +2.21% | +4.07% |
| Change | -2.78 | -1.48 | -0.28 | - | +1.03 | +1.72 | +3.16 |
| Level | Major | Intermediate | Intermediate | - | Major | Intermediate | 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 | 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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 43.26 | |
| MACD (12,26,9): | -0.0900 | |
| Directional Movement: | -13.18 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 77.90 | |
| Parabolic SAR (0,02-0,02-0,2): | 78.31 | |
| Elder Ray (13): | -0.27 | |
| Super Trend (3,10): | 78.71 | |
| Zig ZAG (10): | 77.77 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 33.48 | |
| TEMA (21): | 77.77 | |
| Williams %R (14): | -56.30 | |
| Chande Momentum Oscillator (20): | -0.51 | |
| Repulse (5,40,3): | 0.1200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.45 |
| MA7: | 76.71 | |
| MA20: | 73.01 | |
| MA50: | 70.32 | |
| MA100: | 69.67 | |
| MAexp7: | 77.83 | |
| MAexp20: | 78.05 | |
| MAexp50: | 77.95 | |
| MAexp100: | 77.34 | |
| Price / MA7: | +1.25% | |
| Price / MA20: | +6.38% | |
| Price / MA50: | +10.45% | |
| Price / MA100: | +11.48% | |
| Price / MAexp7: | -0.21% | |
| Price / MAexp20: | -0.49% | |
| Price / MAexp50: | -0.36% | |
| Price / MAexp100: | +0.43% |
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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