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BRENT CRUDE OIL
BRENT CRUDE OIL
- USD (-)
- 10 min delayed data - NYMEX Futures
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Commodities
Ticker: BRN
ISIN:

BRENT CRUDE OIL - 15 min. - Technical analysis published on 12/03/2024 (GMT)

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

Analysis too old. There are no more charts available.

Summary of the analysis

Trends
Short term: Bullish
Underlying: Slightly bearish
Technical indicators
56%
11%
33%
My opinion
Neutral between 71.34 USD and 72.11 USD
My targets
-
My analysis
The basic trend is slightly bearish 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 72.11 USD. The first support is located at 71.34 USD. Without a basic trend, it is be important to monitor the price reaction at the first levels of resistance or support. A bullish break in resistance could quickly reverse the basic trend. A bearish break in the support would be welcome to boost the slightly bearish 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 BRENT CRUDE OIL.

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.

Noreir
This analysis was given by Noreir. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

The BRENT CRUDE OIL price is 71.94 USD. On the day, this instrument gained +0.15% and was traded between 71.69 USD and 72.00 USD over the period. The price is currently at +0.35% from its lowest and -0.08% from its highest.

71.69
72.00
71.94

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

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 15 min. chart of BRENT CRUDE OIL indicates that the overall trend is slightly bearish. Only 60.71% 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. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 15 minutes


Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 15 minutes


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 15 minutes



The technical indicators are bullish. There is still some doubt about the price increase.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 15 minutes


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 15 minutes

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : 15 minutes


Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 15 minutes


Ichimoku - Bearish crossover : Tenkan & Kijun

Type : Bearish

Timeframe : 15 minutes


Momentum indicator is back over 0

Type : Bullish

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:

Central Candlesticks

Upside gap

Type : Bullish

Timeframe : 15 minutes




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 68.14 70.46 71.52 71.94 72.16 72.96 73.72
Change (%) -5.28% -2.06% -0.58% - +0.31% +1.42% +2.47%
Change -3.80 -1.48 -0.42 - +0.22 +1.02 +1.78
Level Major Intermediate Intermediate - Minor Intermediate 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
Standard69.9870.7571.3472.1172.7073.4774.06
Camarilla71.5671.6871.8171.9372.0672.1872.30
Woodie69.8970.7171.2572.0772.6173.4373.97
Fibonacci70.7571.2771.5972.1172.6372.9573.47


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard67.5069.5570.6972.7473.8875.9377.07
Camarilla70.9671.2671.5571.8472.1372.4372.72
Woodie67.0669.3270.2572.5173.4475.7076.63
Fibonacci69.5570.7771.5272.7473.9674.7175.93


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard63.9167.0469.4472.5774.9778.1080.50
Camarilla70.3270.8371.3371.8472.3572.8573.36
Woodie63.5566.8669.0872.3974.6177.9280.14
Fibonacci67.0469.1570.4672.5774.6875.9978.10

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 56.06
MACD (12,26,9): -0.0200
Directional Movement: 5.70
AROON (14): -35.72
DEMA (21): 71.81
Parabolic SAR (0,02-0,02-0,2): 71.69
Elder Ray (13): 0.12
Super Trend (3,10): 71.71
Zig ZAG (10): 71.97
VORTEX (21): 1.0600
Stochastique (14,3,5): 65.59
TEMA (21): 71.86
Williams %R (14): -9.68
Chande Momentum Oscillator (20): 0.07
Repulse (5,40,3): 0.1300
ROCnROLL: -1
TRIX (15,9): -0.0100
Courbe Coppock: 0.16
MA7: 72.19
MA20: 72.56
MA50: 73.40
MA100: 74.41
MAexp7: 71.85
MAexp20: 71.84
MAexp50: 71.95
MAexp100: 72.09
Price / MA7: -0.35%
Price / MA20: -0.85%
Price / MA50: -1.99%
Price / MA100: -3.32%
Price / MAexp7: +0.13%
Price / MAexp20: +0.14%
Price / MAexp50: -0.01%
Price / MAexp100: -0.21%

Quotes : - 10 min delayed data - NYMEX Futures

News


The latest news and videos published on BRENT CRUDE OIL at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia
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