ROUGH RICE
-
USD
(-)
- 10 min delayed data - CBOT Futures
| Open: | - |
| Change: | - |
| Volume: | - |
| Low: | - |
| High: | - |
| High / Low range: | - |
| Type: | Commodities |
| Ticker: | RR |
| ISIN: |
ROUGH RICE - 1H - Technical analysis published on 02/10/2022 (GMT)
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- 02/10/2022 - 15:48
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- Timeframe : 1H
- - Analysis generated on 02/10/2022 - 15:48
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 15.174 USD
My targets
14.855 USD (-0.97%)
14.515 USD (-3.23%)
My analysis
ROUGH RICE is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 15.174 USD. The next support located at 14.855 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 14.515 USD. Below this support, sellers could then target 13.992 USD.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
5
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ROUGH RICE rating is 15.000 USD. The price registered a decrease of -0.56% on the session and was traded between 14.980 USD and 15.105 USD over the period. The price is currently at +0.13% from its lowest and -0.70% from its highest.14.980
15.105
15.000
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
Here is a more detailed summary of the historical variations registered by ROUGH RICE:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this ROUGH RICE chart shows a bearish trend. 67.86% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 11 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 13.992 | 14.515 | 14.855 | 15.000 | 15.030 | 15.174 | 15.522 |
| Change (%) | -6.72% | -3.23% | -0.97% | - | +0.20% | +1.16% | +3.48% |
| Change | -1.008 | -0.485 | -0.145 | - | +0.030 | +0.174 | +0.522 |
| Level | Major | Intermediate | Intermediate | - | Intermediate | Minor | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.740 | 14.885 | 14.985 | 15.130 | 15.230 | 15.375 | 15.475 |
| Camarilla | 15.018 | 15.040 | 15.063 | 15.085 | 15.108 | 15.130 | 15.152 |
| Woodie | 14.718 | 14.874 | 14.963 | 15.119 | 15.208 | 15.364 | 15.453 |
| Fibonacci | 14.885 | 14.979 | 15.036 | 15.130 | 15.224 | 15.281 | 15.375 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.102 | 14.458 | 14.867 | 15.223 | 15.632 | 15.988 | 16.397 |
| Camarilla | 15.065 | 15.135 | 15.205 | 15.275 | 15.345 | 15.415 | 15.485 |
| Woodie | 14.128 | 14.471 | 14.893 | 15.236 | 15.658 | 16.001 | 16.423 |
| Fibonacci | 14.458 | 14.751 | 14.931 | 15.223 | 15.516 | 15.696 | 15.988 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.303 | 13.702 | 14.433 | 14.832 | 15.563 | 15.962 | 16.693 |
| Camarilla | 14.854 | 14.958 | 15.061 | 15.165 | 15.269 | 15.372 | 15.476 |
| Woodie | 13.470 | 13.785 | 14.600 | 14.915 | 15.730 | 16.045 | 16.860 |
| Fibonacci | 13.702 | 14.133 | 14.400 | 14.832 | 15.263 | 15.530 | 15.962 |
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): | 36.87 | |
| MACD (12,26,9): | -0.0760 | |
| Directional Movement: | -22.290 | |
| AROON (14): | -100.000 | |
| DEMA (21): | 15.087 | |
| Parabolic SAR (0,02-0,02-0,2): | 15.434 | |
| Elder Ray (13): | -0.107 | |
| Super Trend (3,10): | 15.281 | |
| Zig ZAG (10): | 15.015 | |
| VORTEX (21): | 0.7940 | |
| Stochastique (14,3,5): | 5.16 | |
| TEMA (21): | 15.011 | |
| Williams %R (14): | -97.50 | |
| Chande Momentum Oscillator (20): | -0.250 | |
| Repulse (5,40,3): | -0.5430 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0520 | |
| Courbe Coppock: | 4.00 |
| MA7: | 15.271 | |
| MA20: | 14.985 | |
| MA50: | 14.579 | |
| MA100: | 14.388 | |
| MAexp7: | 15.068 | |
| MAexp20: | 15.174 | |
| MAexp50: | 15.209 | |
| MAexp100: | 15.120 | |
| Price / MA7: | -1.77% | |
| Price / MA20: | +0.10% | |
| Price / MA50: | +2.89% | |
| Price / MA100: | +4.25% | |
| Price / MAexp7: | -0.45% | |
| Price / MAexp20: | -1.15% | |
| Price / MAexp50: | -1.37% | |
| Price / MAexp100: | -0.79% |
Quotes :
02/10/2022 - 15:37
-
10 min delayed data
-
CBOT Futures
News
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This member declared not having a position on this financial instrument or a related financial instrument.
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