MICRO CRUDE OIL ONLY0125

MCL0125

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Futures
Ticker:	MCL0125
ISIN:	MCLF5

MICRO CRUDE OIL ONLY0125 - 15 min. - Technical analysis published on 11/22/2024 (GMT)

Timeframe : 15 min.
- Analysis generated on
Status : NEUTRAL

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MICRO CRUDE OIL ONLY0125 Chart

Summary of the analysis

Trends

Short term: Bearish

Underlying: Slightly bullish

Technical indicators

11%

44%

My opinion

Neutral between 69.78 USD and 70.70 USD

My targets

My analysis

The basic trend is slightly bullish and the short term is tentatively bearish. With such a pattern, the price could just as easily move towards the first support as the first resistance. The first support is located at 69.78 USD. The first resistance is located at 70.70 USD. With no basic trend, it will be important to monitor the reaction of the price to the levels cited. A bearish break in the support could quickly reverse the basic trend. A bullish break in resistance would be welcome to boost the slightly bullish basic trend. On the other hand, if the price is blocked by support or resistance, it could be attractive to trade against the trend on the last short-term movement registered by MICRO CRUDE OIL ONLY0125.

In the very short term, despite the neutral opinion of this analysis, technical indicators are bearish and could soon allow change to a bearish sentiment.

Comment on the analysis

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 price is 70.26 USD. The price registered an increase of +0.23% on the session and was between 69.95 USD and 70.74 USD. This implies that the price is at +0.44% from its lowest and at -0.68% from its highest.

69.95

70.74

70.26

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows the following items:

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Abnormal volumes on MICRO CRUDE OIL ONLY0125 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 15 min. chart of MICRO CRUDE OIL ONLY0125 indicates that the overall trend is slightly bullish. Only 53.57% of the signals given by moving averages are bullish. This slightly bullish trend could turn neutral or reverse given the slightly bearish signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : 15 minutes

Bearish trend reversal : Moving Average 50

Type : Bearish

Timeframe : 15 minutes

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 15 minutes

Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : 15 minutes

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 15 minutes

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 15 minutes

In fact, only 8 technical indicators out of 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator: bullish divergence

Type : Bullish

Timeframe : 15 minutes

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	68.29	68.65	69.40	70.26	70.38	71.99	73.56
Change (%)	-2.80%	-2.29%	-1.22%	-	+0.17%	+2.46%	+4.70%
Change	-1.97	-1.61	-0.86	-	+0.12	+1.73	+3.30
Level	Minor	Intermediate	Intermediate	-	Intermediate	Intermediate	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	67.68	68.27	69.19	69.78	70.70	71.29	72.21
Camarilla	69.69	69.82	69.96	70.10	70.24	70.38	70.52
Woodie	67.84	68.35	69.35	69.86	70.86	71.37	72.37
Fibonacci	68.27	68.85	69.21	69.78	70.36	70.72	71.29

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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	42.84
MACD (12,26,9):	0.0300
Directional Movement:	-12.54
AROON (14):	-28.57
DEMA (21):	70.38
Parabolic SAR (0,02-0,02-0,2):	70.72
Elder Ray (13):	-0.29
Super Trend (3,10):	70.65
Zig ZAG (10):	70.15
VORTEX (21):	0.9000
Stochastique (14,3,5):	34.62
TEMA (21):	70.38
Williams %R (14):	-69.62
Chande Momentum Oscillator (20):	-0.02
Repulse (5,40,3):	-0.2900
ROCnROLL:	-1
TRIX (15,9):	0.0100
Courbe Coppock:	0.70

MA7:	68.99
MA20:	69.13
MA50:	69.86
MA100:	71.33
MAexp7:	70.36
MAexp20:	70.33
MAexp50:	70.24
MAexp100:	70.05
Price / MA7:	+1.84%
Price / MA20:	+1.63%
Price / MA50:	+0.57%
Price / MA100:	-1.50%
Price / MAexp7:	-0.14%
Price / MAexp20:	-0.10%
Price / MAexp50:	+0.03%
Price / MAexp100:	+0.30%

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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