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 12/13/2024 (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: Bullish

Underlying: Neutral

Technical indicators

11%

56%

33%

My opinion

Neutral between 69.96 USD and 70.78 USD

My targets

My analysis

The basic trend is neutral and the short term is tentatively bullish. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 70.78 USD. The first support is located at 69.96 USD. However, the chances of finding the first resistance before the first support are slightly higher. Without a basic trend, it is be important to monitor the price response at these levels. A bullish break in resistance or a bearish break in support could provide a signal that would set a new direction for the basic trend. On the other hand, if the price is blocked by resistance or support, it could be attractive to trade against the trend on the last short-term movement registered by MICRO CRUDE OIL ONLY0125.

Technical indicators are bearish in the very shrot term 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

MICRO CRUDE OIL ONLY0125 rating 70.16 USD. The price has increased by +0.20% since the last closing and was between 69.88 USD and 70.36 USD. This implies that the price is at +0.40% from its lowest and at -0.28% from its highest.

69.88

70.36

70.16

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

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, which identifies the highest / lowest, has detected several elements:

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 detects abnormal volumes on the asset:

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 neutral trend. This indecision could turn into a bullish trend due to the bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 15 minutes

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 15 minutes

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 15 minutes

Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : 15 minutes

The probability of a further decline is moderate given the direction of the technical indicators.
Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

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.

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

Bullish harami

Type : Bullish

Timeframe : 15 minutes

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	68.39	69.15	69.94	70.16	70.22	70.52	71.26
Change (%)	-2.52%	-1.44%	-0.31%	-	+0.09%	+0.51%	+1.57%
Change	-1.77	-1.01	-0.22	-	+0.06	+0.36	+1.10
Level	Minor	Minor	Minor	-	Minor	Major	Major

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	67.62	68.38	69.20	69.96	70.78	71.54	72.36
Camarilla	69.59	69.73	69.88	70.02	70.17	70.31	70.46
Woodie	67.65	68.40	69.23	69.98	70.81	71.56	72.39
Fibonacci	68.38	68.98	69.36	69.96	70.56	70.94	71.54

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):	44.86
MACD (12,26,9):	0.0300
Directional Movement:	-5.54
AROON (14):	64.29
DEMA (21):	70.16
Parabolic SAR (0,02-0,02-0,2):	70.35
Elder Ray (13):	-0.07
Super Trend (3,10):	70.40
Zig ZAG (10):	70.01
VORTEX (21):	0.9200
Stochastique (14,3,5):	21.14
TEMA (21):	70.16
Williams %R (14):	-82.05
Chande Momentum Oscillator (20):	-0.04
Repulse (5,40,3):	-0.2100
ROCnROLL:	2
TRIX (15,9):	0.0100
Courbe Coppock:	0.32

MA7:	68.98
MA20:	69.06
MA50:	69.76
MA100:	70.20
MAexp7:	70.14
MAexp20:	70.13
MAexp50:	70.09
MAexp100:	70.05
Price / MA7:	+1.71%
Price / MA20:	+1.59%
Price / MA50:	+0.57%
Price / MA100:	-0.06%
Price / MAexp7:	+0.03%
Price / MAexp20:	+0.04%
Price / MAexp50:	+0.10%
Price / MAexp100:	+0.16%

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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