MICRO CRUDE OIL ONLY0125 - 15 min. - Technical analysis published on 11/18/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
MICRO CRUDE OIL ONLY0125 Chart
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Neutral
Technical indicators
50%
6%
44%
My opinion
Bullish above 66.25 USD
My targets
67.38 USD (+0.13%)
68.05 USD (+1.13%)
My analysis
The current short-term bullish trend should quickly fix the basic bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for MICRO CRUDE OIL ONLY0125 as long as the price remains well above 66.25 USD. The buyers' bullish objective is set at 67.38 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 68.05 USD. If there is any crossing, the next objective would be the resistance located at 69.18 USD.
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
3.2
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by euletthomas.
Additional analysis
Quotes
The MICRO CRUDE OIL ONLY0125 rating is 67.29 USD. On the day, this instrument gained +0.55% with the lowest point at 66.27 USD and the highest point at 67.61 USD. The deviation from the price is +1.54% for the low point and -0.47% for the high point.66.27
67.61
67.29
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 MICRO CRUDE OIL ONLY0125:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of MICRO CRUDE OIL ONLY0125 in 15 min. shows a neutral overall trend. This indecision could turn into a bullish trend due to the strong bullish signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, only 9 technical indicators out of 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 64.42 | 66.83 | 67.29 | 67.65 | 69.36 | 70.29 |
| Change (%) | -4.27% | -0.68% | - | +0.53% | +3.08% | +4.46% |
| Change | -2.87 | -0.46 | - | +0.36 | +2.07 | +3.00 |
| Level | Minor | 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 | 64.45 | 65.58 | 66.25 | 67.38 | 68.05 | 69.18 | 69.85 |
| Camarilla | 66.43 | 66.59 | 66.76 | 66.92 | 67.09 | 67.25 | 67.42 |
| Woodie | 64.22 | 65.47 | 66.02 | 67.27 | 67.82 | 69.07 | 69.62 |
| Fibonacci | 65.58 | 66.27 | 66.69 | 67.38 | 68.07 | 68.49 | 69.18 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 61.92 | 64.31 | 65.62 | 68.01 | 69.32 | 71.71 | 73.02 |
| Camarilla | 65.90 | 66.24 | 66.58 | 66.92 | 67.26 | 67.60 | 67.94 |
| Woodie | 61.37 | 64.04 | 65.07 | 67.74 | 68.77 | 71.44 | 72.47 |
| Fibonacci | 64.31 | 65.73 | 66.60 | 68.01 | 69.43 | 70.30 | 71.71 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 53.91 | 60.11 | 64.60 | 70.80 | 75.29 | 81.49 | 85.98 |
| Camarilla | 66.14 | 67.12 | 68.10 | 69.08 | 70.06 | 71.04 | 72.02 |
| Woodie | 53.05 | 59.68 | 63.74 | 70.37 | 74.43 | 81.06 | 85.12 |
| Fibonacci | 60.11 | 64.20 | 66.72 | 70.80 | 74.89 | 77.41 | 81.49 |
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): | 54.75 | |
| MACD (12,26,9): | 0.0900 | |
| Directional Movement: | 1.59 | |
| AROON (14): | 35.72 | |
| DEMA (21): | 67.35 | |
| Parabolic SAR (0,02-0,02-0,2): | 66.99 | |
| Elder Ray (13): | 0.05 | |
| Super Trend (3,10): | 66.98 | |
| Zig ZAG (10): | 67.37 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 78.82 | |
| TEMA (21): | 67.43 | |
| Williams %R (14): | -20.83 | |
| Chande Momentum Oscillator (20): | 0.28 | |
| Repulse (5,40,3): | 0.1600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.91 |
| MA7: | 68.15 | |
| MA20: | 69.28 | |
| MA50: | 69.54 | |
| MA100: | 71.70 | |
| MAexp7: | 67.35 | |
| MAexp20: | 67.24 | |
| MAexp50: | 67.19 | |
| MAexp100: | 67.32 | |
| Price / MA7: | -1.26% | |
| Price / MA20: | -2.87% | |
| Price / MA50: | -3.24% | |
| Price / MA100: | -6.15% | |
| Price / MAexp7: | -0.09% | |
| Price / MAexp20: | +0.07% | |
| Price / MAexp50: | +0.15% | |
| Price / MAexp100: | -0.04% |
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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