MICRO CRUDE OIL ONLY0125 - 15 min. - Technical analysis published on 12/09/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
MICRO CRUDE OIL ONLY0125 Chart
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
28%
22%
50%
My opinion
Bullish above 67.57 USD
My targets
69.10 USD (+0.76%)
69.68 USD (+1.60%)
My analysis
MICRO CRUDE OIL ONLY0125 is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 67.57 USD. The next resistance located at 69.10 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 69.68 USD. After this resistance, buyers could then target 70.51 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
6.3
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This analysis was given by euletthomas.
Additional analysis
Quotes
The MICRO CRUDE OIL ONLY0125 price is 68.58 USD. The price has increased by +2.05% since the last closing and was between 67.04 USD and 68.88 USD. This implies that the price is at +2.30% from its lowest and at -0.44% from its highest.67.04
68.88
68.58
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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
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
Technical analysis of MICRO CRUDE OIL ONLY0125 in 15 min. shows a strongly overall 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 scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 15 minutes
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 15 minutes
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 15 minutes
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 66.87 | 67.70 | 68.26 | 68.58 | 69.16 | 70.51 | 71.26 |
| Change (%) | -2.49% | -1.28% | -0.47% | - | +0.85% | +2.81% | +3.91% |
| Change | -1.71 | -0.88 | -0.32 | - | +0.58 | +1.93 | +2.68 |
| Level | Major | Minor | Minor | - | Intermediate | Intermediate | Intermediate |
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 | 65.09 | 66.04 | 66.62 | 67.57 | 68.15 | 69.10 | 69.68 |
| Camarilla | 66.78 | 66.92 | 67.06 | 67.20 | 67.34 | 67.48 | 67.62 |
| Woodie | 64.91 | 65.95 | 66.44 | 67.48 | 67.97 | 69.01 | 69.50 |
| Fibonacci | 66.04 | 66.62 | 66.99 | 67.57 | 68.15 | 68.52 | 69.10 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 62.44 | 64.71 | 65.96 | 68.23 | 69.48 | 71.75 | 73.00 |
| Camarilla | 66.23 | 66.56 | 66.88 | 67.20 | 67.52 | 67.85 | 68.17 |
| Woodie | 61.92 | 64.46 | 65.44 | 67.98 | 68.96 | 71.50 | 72.48 |
| Fibonacci | 64.71 | 66.06 | 66.89 | 68.23 | 69.58 | 70.41 | 71.75 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 59.25 | 62.76 | 65.38 | 68.89 | 71.51 | 75.02 | 77.64 |
| Camarilla | 66.31 | 66.88 | 67.44 | 68.00 | 68.56 | 69.12 | 69.69 |
| Woodie | 58.81 | 62.54 | 64.94 | 68.67 | 71.07 | 74.80 | 77.20 |
| Fibonacci | 62.76 | 65.10 | 66.55 | 68.89 | 71.23 | 72.68 | 75.02 |
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): | 56.36 | |
| MACD (12,26,9): | 0.1600 | |
| Directional Movement: | 7.36 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 68.69 | |
| Parabolic SAR (0,02-0,02-0,2): | 68.84 | |
| Elder Ray (13): | 0.01 | |
| Super Trend (3,10): | 68.19 | |
| Zig ZAG (10): | 68.56 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 57.98 | |
| TEMA (21): | 68.71 | |
| Williams %R (14): | -38.27 | |
| Chande Momentum Oscillator (20): | 0.38 | |
| Repulse (5,40,3): | 0.0500 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 1.13 |
| MA7: | 68.38 | |
| MA20: | 68.71 | |
| MA50: | 69.87 | |
| MA100: | 70.38 | |
| MAexp7: | 68.59 | |
| MAexp20: | 68.47 | |
| MAexp50: | 68.18 | |
| MAexp100: | 68.00 | |
| Price / MA7: | +0.29% | |
| Price / MA20: | -0.19% | |
| Price / MA50: | -1.85% | |
| Price / MA100: | -2.56% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | +0.16% | |
| Price / MAexp50: | +0.59% | |
| Price / MAexp100: | +0.85% |
Quotes :
-
10 min delayed data
-
NYMEX Futures
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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