MICRO CRUDE OIL ONLY0125 - 15 min. - Technical analysis published on 12/12/2024 (GMT)
- 99
- 0
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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
50%
0%
50%
My opinion
Bullish above 69.75 USD
My targets
71.07 USD (+0.77%)
71.85 USD (+1.87%)
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 69.75 USD. The next resistance located at 71.07 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 71.85 USD. After this resistance, buyers could then target 73.17 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.
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
7.7
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This analysis was given by euletthomas.
Additional analysis
Quotes
The MICRO CRUDE OIL ONLY0125 price is 70.53 USD. The price has increased by +0.34% since the last closing with the lowest point at 70.15 USD and the highest point at 70.72 USD. The deviation from the price is +0.54% for the low point and -0.27% for the high point.70.15
70.72
70.53
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
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:
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
A technical analysis in 15 min. of this MICRO CRUDE OIL ONLY0125 chart shows a strongly 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 market scanner currently does not detect any result that concerns moving averages.
In fact, only 9 technical indicators out of 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 15 minutes
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 69.94 | 70.22 | 70.52 | 70.53 | 71.26 | 75.87 | 78.66 |
| Change (%) | -0.84% | -0.44% | -0.01% | - | +1.04% | +7.57% | +11.53% |
| Change | -0.59 | -0.31 | -0.01 | - | +0.73 | +5.34 | +8.13 |
| Level | Minor | Minor | Intermediate | - | Major | 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 | 66.87 | 67.65 | 68.97 | 69.75 | 71.07 | 71.85 | 73.17 |
| Camarilla | 69.71 | 69.91 | 70.10 | 70.29 | 70.48 | 70.68 | 70.87 |
| Woodie | 67.14 | 67.79 | 69.24 | 69.89 | 71.34 | 71.99 | 73.44 |
| Fibonacci | 67.65 | 68.45 | 68.95 | 69.75 | 70.55 | 71.05 | 71.85 |
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): | 57.07 | |
| MACD (12,26,9): | 0.0700 | |
| Directional Movement: | 6.38 | |
| AROON (14): | 57.15 | |
| DEMA (21): | 70.55 | |
| Parabolic SAR (0,02-0,02-0,2): | 70.42 | |
| Elder Ray (13): | 0.02 | |
| Super Trend (3,10): | 70.27 | |
| Zig ZAG (10): | 70.56 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 67.37 | |
| TEMA (21): | 70.56 | |
| Williams %R (14): | -46.34 | |
| Chande Momentum Oscillator (20): | 0.15 | |
| Repulse (5,40,3): | 0.1000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.44 |
| MA7: | 68.84 | |
| MA20: | 68.93 | |
| MA50: | 69.84 | |
| MA100: | 70.24 | |
| MAexp7: | 70.55 | |
| MAexp20: | 70.46 | |
| MAexp50: | 70.31 | |
| MAexp100: | 69.99 | |
| Price / MA7: | +2.45% | |
| Price / MA20: | +2.32% | |
| Price / MA50: | +0.99% | |
| Price / MA100: | +0.41% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | +0.10% | |
| Price / MAexp50: | +0.31% | |
| Price / MAexp100: | +0.77% |
Quotes :
-
10 min delayed data
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NYMEX Futures
This member declared not having a position on this financial instrument or a related financial instrument.
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