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 - Weekly - Technical analysis published on 12/06/2024 (GMT)

Timeframe : Weekly
- Analysis generated on
Status : IN PROGRESS...

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

28%

39%

33%

My opinion

Bearish under

My targets

()

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on BRENT CRUDE OIL as long as the price remains well below . The sellers' bearish objective is set at . A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at . In case of crossing, the next objective would be the support located at .

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

Force

3.9

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 Noreir. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

BRENT CRUDE OIL rating 71.02 USD. The price is lower by -1.14% over the 5 days and was traded between 70.83 USD and 74.25 USD over the period. The price is currently at +0.27% from its lowest point and -4.35% from its highest point.

70.83

74.25

71.02

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:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Weekly of this BRENT CRUDE OIL chart shows a bearish trend. The signals given by moving averages are 67.86% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 6 are neutral and 7 are bearish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

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

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	39.64	59.70	68.14	71.02	85.27	96.62
Change (%)	-44.18%	-15.94%	-4.06%	-	+20.06%	+36.05%
Change	-31.38	-11.32	-2.88	-	+14.25	+25.60
Level	Major	Major	Major	-	Major	Intermediate

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	70.53	71.16	71.63	72.26	72.73	73.36	73.83
Camarilla	71.79	71.89	71.99	72.09	72.19	72.29	72.39
Woodie	70.44	71.12	71.54	72.22	72.64	73.32	73.74
Fibonacci	71.16	71.58	71.84	72.26	72.68	72.94	73.36

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	67.50	69.55	70.69	72.74	73.88	75.93	77.07
Camarilla	70.96	71.26	71.55	71.84	72.13	72.43	72.72
Woodie	67.06	69.32	70.25	72.51	73.44	75.70	76.63
Fibonacci	69.55	70.77	71.52	72.74	73.96	74.71	75.93

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	63.91	67.04	69.44	72.57	74.97	78.10	80.50
Camarilla	70.32	70.83	71.33	71.84	72.35	72.85	73.36
Woodie	63.55	66.86	69.08	72.39	74.61	77.92	80.14
Fibonacci	67.04	69.15	70.46	72.57	74.68	75.99	78.10

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):	44.64
MACD (12,26,9):	-1.4200
Directional Movement:	-6.07
AROON (14):	28.57
DEMA (21):	72.43
Parabolic SAR (0,02-0,02-0,2):	69.49
Elder Ray (13):	-0.83
Super Trend (3,10):	82.51
Zig ZAG (10):	71.07
VORTEX (21):	0.8800
Stochastique (14,3,5):	37.03
TEMA (21):	71.30
Williams %R (14):	-73.50
Chande Momentum Oscillator (20):	0.69
Repulse (5,40,3):	-5.1100
ROCnROLL:	2
TRIX (15,9):	-0.2500
Courbe Coppock:	7.50

MA7:	72.19
MA20:	72.27
MA50:	73.47
MA100:	74.14
MAexp7:	72.55
MAexp20:	74.19
MAexp50:	75.23
MAexp100:	72.27
Price / MA7:	-1.62%
Price / MA20:	-1.73%
Price / MA50:	-3.33%
Price / MA100:	-4.21%
Price / MAexp7:	-2.11%
Price / MAexp20:	-4.27%
Price / MAexp50:	-5.60%
Price / MAexp100:	-1.73%

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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