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 01/13/2025 (GMT)

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

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

94%

My opinion

Bullish above

My targets

()

My analysis

The bullish trend is currently very strong on BRENT CRUDE OIL. As long as the price remains above the support at , you could try to benefit from the boom. The first bullish objective is located at . The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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

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

The BRENT CRUDE OIL rating is 81.00 USD. The price is up +6.16% over 5 days with the lowest point at 75.70 USD and the highest point at 81.47 USD. The deviation from the price is +7.00% for the low point and -0.58% for the high point.

75.70

81.47

81.00

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

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

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Weekly chart of BRENT CRUDE OIL indicates that the overall trend is strongly bullish. 82.14% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : Weekly

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Weekly

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

The Central Indicators scanner found this result concerning these indicators:

MACD indicator is back over 0

Type : Bullish

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	39.24	59.30	71.12	81.00	84.87	96.22
Change (%)	-51.56%	-26.79%	-12.20%	-	+4.78%	+18.79%
Change	-41.76	-21.70	-9.88	-	+3.87	+15.22
Level	Intermediate	Major	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
Standard	73.89	75.47	77.61	79.19	81.33	82.91	85.05
Camarilla	78.74	79.08	79.42	79.76	80.10	80.44	80.78
Woodie	74.18	75.61	77.90	79.33	81.62	83.05	85.34
Fibonacci	75.47	76.89	77.77	79.19	80.61	81.49	82.91

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	71.66	73.68	76.72	78.74	81.78	83.80	86.84
Camarilla	78.37	78.83	79.30	79.76	80.22	80.69	81.15
Woodie	72.17	73.94	77.23	79.00	82.29	84.06	87.35
Fibonacci	73.68	75.61	76.81	78.74	80.67	81.87	83.80

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	67.30	68.87	71.75	73.32	76.20	77.77	80.65
Camarilla	73.42	73.82	74.23	74.64	75.05	75.46	75.86
Woodie	67.97	69.20	72.42	73.65	76.87	78.10	81.32
Fibonacci	68.87	70.57	71.62	73.32	75.02	76.07	77.77

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	59.43
MACD (12,26,9):	0.3900
Directional Movement:	8.29
AROON (14):	78.57
DEMA (21):	75.17
Parabolic SAR (0,02-0,02-0,2):	70.64
Elder Ray (13):	5.08
Super Trend (3,10):	82.13
Zig ZAG (10):	80.99
VORTEX (21):	1.0600
Stochastique (14,3,5):	84.24
TEMA (21):	76.07
Williams %R (14):	-3.56
Chande Momentum Oscillator (20):	6.34
Repulse (5,40,3):	8.7600
ROCnROLL:	1
TRIX (15,9):	-0.1600
Courbe Coppock:	6.36

MA7:	77.68
MA20:	74.89
MA50:	73.39
MA100:	73.25
MAexp7:	76.74
MAexp20:	75.14
MAexp50:	75.18
MAexp100:	72.29
Price / MA7:	+4.27%
Price / MA20:	+8.16%
Price / MA50:	+10.37%
Price / MA100:	+10.58%
Price / MAexp7:	+5.55%
Price / MAexp20:	+7.80%
Price / MAexp50:	+7.74%
Price / MAexp100:	+12.05%

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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