MINI CRUDE OIL FULL0425 - Weekly - Technical analysis published on 04/06/2021 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
61%
17%
22%
My opinion
Bullish above 56.492 USD
My targets
63.200 USD (+6.85%)
67.192 USD (+13.60%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on MINI CRUDE OIL FULL0521 as long as the price remains well above 56.492 USD. The buyers” bullish objective is set at 63.200 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 67.192 USD. If there is any crossing, the next objective would be the resistance located at 76.877 USD.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
6.1
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This analysis was given by Simon1. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
MINI CRUDE OIL FULL0521 rating 59.150 USD. The price is lower by -2.31% over the 5 days and was traded between 57.600 USD and 61.550 USD over the period. The price is currently at +2.69% from its lowest point and -3.90% from its highest point.57.600
61.550
59.150
Here is a more detailed summary of the historical variations registered by MINI CRUDE OIL FULL0521:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of MINI CRUDE OIL FULL0521 in Weekly shows an overall bullish trend. 78.57% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish 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 positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 34.640 | 43.303 | 50.655 | 59.150 | 63.200 | 76.877 | 110.374 |
| Change (%) | -41.44% | -26.79% | -14.36% | - | +6.85% | +29.97% | +86.60% |
| Change | -24.510 | -15.847 | -8.495 | - | +4.050 | +17.727 | +51.224 |
| Level | Major | Major | Major | - | Major | Major | 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 | 55.958 | 57.292 | 58.233 | 59.567 | 60.508 | 61.842 | 62.783 |
| Camarilla | 58.549 | 58.758 | 58.967 | 59.175 | 59.384 | 59.592 | 59.801 |
| Woodie | 55.763 | 57.194 | 58.038 | 59.469 | 60.313 | 61.744 | 62.588 |
| Fibonacci | 57.292 | 58.161 | 58.698 | 59.567 | 60.436 | 60.973 | 61.842 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 56.058 | 57.467 | 59.458 | 60.867 | 62.858 | 64.267 | 66.258 |
| Camarilla | 60.515 | 60.827 | 61.138 | 61.450 | 61.762 | 62.073 | 62.385 |
| Woodie | 56.350 | 57.613 | 59.750 | 61.013 | 63.150 | 64.413 | 66.550 |
| Fibonacci | 57.467 | 58.766 | 59.568 | 60.867 | 62.166 | 62.968 | 64.267 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 45.792 | 51.533 | 56.492 | 62.233 | 67.192 | 72.933 | 77.892 |
| Camarilla | 58.508 | 59.488 | 60.469 | 61.450 | 62.431 | 63.412 | 64.393 |
| Woodie | 45.400 | 51.338 | 56.100 | 62.038 | 66.800 | 72.738 | 77.500 |
| Fibonacci | 51.533 | 55.621 | 58.146 | 62.233 | 66.321 | 68.846 | 72.933 |
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): | 61.45 | |
| MACD (12,26,9): | 5.1040 | |
| Directional Movement: | 9.894 | |
| AROON (14): | 64.286 | |
| DEMA (21): | 62.370 | |
| Parabolic SAR (0,02-0,02-0,2): | 67.136 | |
| Elder Ray (13): | 1.094 | |
| Super Trend (3,10): | 53.306 | |
| Zig ZAG (10): | 59.150 | |
| VORTEX (21): | 1.2470 | |
| Stochastique (14,3,5): | 64.68 | |
| TEMA (21): | 64.809 | |
| Williams %R (14): | -42.60 | |
| Chande Momentum Oscillator (20): | 6.775 | |
| Repulse (5,40,3): | -1.1550 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 1.6340 | |
| Courbe Coppock: | 57.49 |
| MA7: | 59.946 | |
| MA20: | 61.600 | |
| MA50: | 60.251 | |
| MA100: | 54.114 | |
| MAexp7: | 60.572 | |
| MAexp20: | 55.729 | |
| MAexp50: | 49.865 | |
| MAexp100: | 49.432 | |
| Price / MA7: | -1.33% | |
| Price / MA20: | -3.98% | |
| Price / MA50: | -1.83% | |
| Price / MA100: | +9.31% | |
| Price / MAexp7: | -2.35% | |
| Price / MAexp20: | +6.14% | |
| Price / MAexp50: | +18.62% | |
| Price / MAexp100: | +19.66% |
Quotes :
2021-04-06 23:35:51
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10 min delayed data
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NYMEX E-mini Futures
This member declared not having a position on this financial instrument or a related financial instrument.
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