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 12/11/2024 (GMT)
- 108
- 0
- 12/11/2024 - 07:11
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- Timeframe : 15 min.
- - Analysis generated on 12/11/2024 - 07:11
- Status : TARGET REACHED
MICRO CRUDE OIL ONLY0125 Chart
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 68.46 USD
My targets
69.19 USD (+0.16%)
69.80 USD (+1.04%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on MICRO CRUDE OIL ONLY0125 as long as the price remains well above 68.46 USD. The buyers' bullish objective is set at 69.19 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 69.80 USD. If there is any crossing, the next objective would be the resistance located at 70.53 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.4
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 69.08 USD. The price has increased by +0.71% since the last closing with the lowest point at 68.43 USD and the highest point at 69.18 USD. The deviation from the price is +0.95% for the low point and -0.14% for the high point.68.43
69.18
69.08
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
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 this 15 min. chart of MICRO CRUDE OIL ONLY0125 indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
The Central Indicators scanner found this result concerning these indicators:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 67.99 | 68.65 | 69.07 | 69.08 | 69.69 | 70.22 | 70.51 |
| Change (%) | -1.58% | -0.62% | -0.01% | - | +0.88% | +1.65% | +2.07% |
| Change | -1.09 | -0.43 | -0.01 | - | +0.61 | +1.14 | +1.43 |
| Level | Minor | Minor | Intermediate | - | Minor | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 66.51 | 67.12 | 67.85 | 68.46 | 69.19 | 69.80 | 70.53 |
| Camarilla | 68.22 | 68.34 | 68.47 | 68.59 | 68.71 | 68.84 | 68.96 |
| Woodie | 66.58 | 67.15 | 67.92 | 68.49 | 69.26 | 69.83 | 70.60 |
| Fibonacci | 67.12 | 67.63 | 67.95 | 68.46 | 68.97 | 69.29 | 69.80 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 66.53 | |
| MACD (12,26,9): | 0.0800 | |
| Directional Movement: | 17.12 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 69.08 | |
| Parabolic SAR (0,02-0,02-0,2): | 68.96 | |
| Elder Ray (13): | 0.04 | |
| Super Trend (3,10): | 68.88 | |
| Zig ZAG (10): | 69.09 | |
| VORTEX (21): | 1.2200 | |
| Stochastique (14,3,5): | 63.43 | |
| TEMA (21): | 69.08 | |
| Williams %R (14): | -27.78 | |
| Chande Momentum Oscillator (20): | 0.09 | |
| Repulse (5,40,3): | 0.0200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.14 |
| MA7: | 68.57 | |
| MA20: | 68.77 | |
| MA50: | 69.85 | |
| MA100: | 70.28 | |
| MAexp7: | 69.03 | |
| MAexp20: | 68.95 | |
| MAexp50: | 68.79 | |
| MAexp100: | 68.59 | |
| Price / MA7: | +0.74% | |
| Price / MA20: | +0.45% | |
| Price / MA50: | -1.10% | |
| Price / MA100: | -1.71% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.19% | |
| Price / MAexp50: | +0.42% | |
| Price / MAexp100: | +0.71% |
Quotes :
12/11/2024 - 07:00
-
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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