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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 12/06/2024 (GMT)

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  • Timeframe : 15 min.
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 72.26 USD
My targets
71.63 USD (-0.52%)
71.16 USD (-1.16%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 72.26 USD remains possible. It is advisable to trade BRENT CRUDE OIL with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 72.26 USD. The next bearish objective for sellers is set at 71.63 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 71.16 USD. In case of crossing, the next objective would be the support located at 70.53 USD. PS: if there is a bullish break in the resistance located at 72.26 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5

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

BRENT CRUDE OIL rating 72.00 USD. The price is lower by -0.13% since the last closing with the lowest point at 71.76 USD and the highest point at 72.23 USD. The deviation from the price is +0.33% for the low point and -0.32% for the high point.

71.76
72.23
72.00

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 15 min. of this BRENT CRUDE OIL chart shows a bearish trend. The signals given by moving averages are 78.57% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : 15 minutes



In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 6 are neutral and 8 are bearish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

The analysis of the price chart with Central Patterns scanners does not return any result.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Central Candlesticks

White morning star

Type : Bullish

Timeframe : 15 minutes




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 70.46 71.52 71.80 72.00 72.15 72.89 73.72
Change (%) -2.14% -0.67% -0.28% - +0.21% +1.24% +2.39%
Change -1.54 -0.48 -0.20 - +0.15 +0.89 +1.72
Level Intermediate Intermediate Minor - Minor Major Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard70.5371.1671.6372.2672.7373.3673.83
Camarilla71.7971.8971.9972.0972.1972.2972.39
Woodie70.4471.1271.5472.2272.6473.3273.74
Fibonacci71.1671.5871.8472.2672.6872.9473.36


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): 34.30
MACD (12,26,9): -0.0500
Directional Movement: -21.44
AROON (14): -42.86
DEMA (21): 71.92
Parabolic SAR (0,02-0,02-0,2): 72.11
Elder Ray (13): -0.13
Super Trend (3,10): 72.04
Zig ZAG (10): 71.86
VORTEX (21): 0.7900
Stochastique (14,3,5): 23.79
TEMA (21): 71.92
Williams %R (14): -55.88
Chande Momentum Oscillator (20): -0.10
Repulse (5,40,3): 0.1200
ROCnROLL: -1
TRIX (15,9): -0.0100
Courbe Coppock: 0.25
MA7: 72.31
MA20: 72.31
MA50: 73.49
MA100: 74.15
MAexp7: 71.93
MAexp20: 71.98
MAexp50: 72.09
MAexp100: 72.26
Price / MA7: -0.43%
Price / MA20: -0.43%
Price / MA50: -2.03%
Price / MA100: -2.90%
Price / MAexp7: +0.10%
Price / MAexp20: +0.03%
Price / MAexp50: -0.12%
Price / MAexp100: -0.36%

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.

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