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 12/02/2024 (GMT)

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

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Summary of the analysis

Trends
Short term: Bullish
Underlying: Slightly bearish
Technical indicators
61%
6%
33%
My opinion
Neutral between 68.52 USD and 69.17 USD
My targets
-
My analysis
The short-term increase on MICRO CRUDE OIL ONLY0125 remains moderate but could challenge the slightly bearish basic trend. It is difficult to advise a trading direction under these conditions. The first resistance is located at 69.17 USD. The first support is located at 68.52 USD. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.

In the very short term, technical indicators are bullish and could soon allow change to a bullish sentiment.

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 68.54 USD. On the day, this instrument gained +0.79% and was between 67.81 USD and 68.81 USD. This implies that the price is at +1.08% from its lowest and at -0.39% from its highest.

67.81
68.81
68.54

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.

Central Gaps

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 an item:

Central Records

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Abnormal volumes on MICRO CRUDE OIL ONLY0125 were detected by the Central Volumes scanner:

Central Volumes

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 bearish. Only 50.00% of the signals given by moving averages are bearish. This slightly bearish trend could turn neutral or reverse given the slightly bullish signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 15 minutes


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 15 minutes



In fact, 11 technical indicators on 18 studied are currently positioned bullish. The Central Indicators scanner found no further results concerning independent technical indicators.

The analysis of the price chart with Central Patterns scanners does not return any result.

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Central Candlesticks

Bullish engulfing lines

Type : Bullish

Timeframe : 15 minutes




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 64.42 66.88 68.25 68.54 69.30 70.39 71.27
Change (%) -6.01% -2.42% -0.42% - +1.11% +2.70% +3.98%
Change -4.12 -1.66 -0.29 - +0.76 +1.85 +2.73
Level Minor Intermediate Intermediate - Intermediate Minor Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard65.5566.7167.3668.5269.1770.3370.98
Camarilla67.5067.6767.8368.0068.1768.3368.50
Woodie65.2966.5867.1068.3968.9170.2070.72
Fibonacci66.7167.4167.8368.5269.2269.6470.33


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard63.1565.5166.7669.1270.3772.7373.98
Camarilla67.0167.3467.6768.0068.3368.6668.99
Woodie62.5965.2366.2068.8469.8172.4573.42
Fibonacci65.5166.8967.7469.1270.5071.3572.73


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard59.2562.7665.3868.8971.5175.0277.64
Camarilla66.3166.8867.4468.0068.5669.1269.69
Woodie58.8162.5464.9468.6771.0774.8077.20
Fibonacci62.7665.1066.5568.8971.2372.6875.02

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): 56.83
MACD (12,26,9): 0.0500
Directional Movement: 14.21
AROON (14): 85.71
DEMA (21): 68.57
Parabolic SAR (0,02-0,02-0,2): 68.37
Elder Ray (13): 0.01
Super Trend (3,10): 68.22
Zig ZAG (10): 68.57
VORTEX (21): 1.0300
Stochastique (14,3,5): 54.65
TEMA (21): 68.65
Williams %R (14): -26.09
Chande Momentum Oscillator (20): 0.23
Repulse (5,40,3): 0.4600
ROCnROLL: 1
TRIX (15,9): 0.0100
Courbe Coppock: 0.62
MA7: 69.02
MA20: 69.24
MA50: 69.85
MA100: 70.78
MAexp7: 68.57
MAexp20: 68.50
MAexp50: 68.50
MAexp100: 68.60
Price / MA7: -0.70%
Price / MA20: -1.01%
Price / MA50: -1.88%
Price / MA100: -3.16%
Price / MAexp7: -0.04%
Price / MAexp20: +0.06%
Price / MAexp50: +0.06%
Price / MAexp100: -0.09%

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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