MINI CRUDE OIL FULL0125 - 1H - Technical analysis published on 11/01/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
50%
6%
44%
My opinion
Bullish above 82.581 USD
My targets
83.944 USD (+1.02%)
84.875 USD (+2.14%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on MINI CRUDE OIL FULL1221. This is a positive signal for buyers. As long as the price remains above 82.581 USD, a purchase could be considered. The first bullish objective is located at 83.944 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 84.875 USD as an objective. Crossing it would then enable buyers to target 85.425 USD. In the event of a return below 82.581 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
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
5.4
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This analysis was given by Smurph77. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The MINI CRUDE OIL FULL1221 price is 83.100 USD. On the day, this instrument lost -0.57% and was between 82.750 USD and 83.375 USD. This implies that the price is at +0.42% from its lowest and at -0.33% from its highest.82.750
83.375
83.100
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:
Near a new HIGH record (5 years)
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
Technical analysis of MINI CRUDE OIL FULL1221 in 1H shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals 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, only 9 technical indicators out of 18 studied are currently bullish. The Central Indicators scanner found this result concerning these indicators:
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 80.778 | 81.775 | 82.581 | 83.100 | 83.196 | 83.944 | 84.875 |
| Change (%) | -2.79% | -1.59% | -0.62% | - | +0.12% | +1.02% | +2.14% |
| Change | -2.322 | -1.325 | -0.519 | - | +0.096 | +0.844 | +1.775 |
| Level | Major | Minor | Minor | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 79.492 | 80.458 | 81.817 | 82.783 | 84.142 | 85.108 | 86.467 |
| Camarilla | 82.536 | 82.749 | 82.962 | 83.175 | 83.388 | 83.601 | 83.814 |
| Woodie | 79.688 | 80.556 | 82.013 | 82.881 | 84.338 | 85.206 | 86.663 |
| Fibonacci | 80.458 | 81.347 | 81.895 | 82.783 | 83.672 | 84.220 | 85.108 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 75.883 | 78.242 | 80.708 | 83.067 | 85.533 | 87.892 | 90.358 |
| Camarilla | 81.848 | 82.290 | 82.733 | 83.175 | 83.617 | 84.060 | 84.502 |
| Woodie | 75.938 | 78.269 | 80.763 | 83.094 | 85.588 | 87.919 | 90.413 |
| Fibonacci | 78.242 | 80.085 | 81.224 | 83.067 | 84.910 | 86.049 | 87.892 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 60.083 | 63.417 | 69.283 | 72.617 | 78.483 | 81.817 | 87.683 |
| Camarilla | 72.620 | 73.463 | 74.307 | 75.150 | 75.993 | 76.837 | 77.680 |
| Woodie | 61.350 | 64.050 | 70.550 | 73.250 | 79.750 | 82.450 | 88.950 |
| Fibonacci | 63.417 | 66.931 | 69.102 | 72.617 | 76.131 | 78.302 | 81.817 |
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): | 54.98 | |
| MACD (12,26,9): | 0.1480 | |
| Directional Movement: | -1.077 | |
| AROON (14): | 35.715 | |
| DEMA (21): | 83.112 | |
| Parabolic SAR (0,02-0,02-0,2): | 82.368 | |
| Elder Ray (13): | 0.083 | |
| Super Trend (3,10): | 81.967 | |
| Zig ZAG (10): | 83.100 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 68.82 | |
| TEMA (21): | 83.200 | |
| Williams %R (14): | -27.96 | |
| Chande Momentum Oscillator (20): | 0.225 | |
| Repulse (5,40,3): | -0.0690 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0270 | |
| Courbe Coppock: | 0.65 |
| MA7: | 83.418 | |
| MA20: | 81.300 | |
| MA50: | 74.725 | |
| MA100: | 72.284 | |
| MAexp7: | 83.081 | |
| MAexp20: | 82.934 | |
| MAexp50: | 82.821 | |
| MAexp100: | 82.899 | |
| Price / MA7: | -0.38% | |
| Price / MA20: | +2.21% | |
| Price / MA50: | +11.21% | |
| Price / MA100: | +14.96% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.20% | |
| Price / MAexp50: | +0.34% | |
| Price / MAexp100: | +0.24% |
Quotes :
-
10 min delayed data
-
NYMEX E-mini Futures
This member declared not having a position on this financial instrument or a related financial instrument.
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