MINI CRUDE OIL FULL0125 - Daily - Technical analysis published on 09/08/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 85.867 USD
My targets
79.400 USD (-4.60%)
77.600 USD (-6.76%)
My analysis
The bearish trend is currently very strong for MINI CRUDE OIL FULL1022. As long as the price remains below the resistance at 85.867 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 79.400 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 77.600 USD as an objective. Crossing it would then enable sellers to target 70.650 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.9
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This analysis was given by AMIKOTUN. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
MINI CRUDE OIL FULL1022 rating 83.225 USD. On the day, this instrument gained +1.56% and was traded between 81.175 USD and 83.925 USD over the period. The price is currently at +2.53% from its lowest and -0.83% from its highest.81.175
83.925
83.225
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
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:
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of MINI CRUDE OIL FULL1022 indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported 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, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 63.675 | 70.650 | 79.400 | 83.225 | 85.867 | 93.577 | 100.915 |
| Change (%) | -23.49% | -15.11% | -4.60% | - | +3.17% | +12.44% | +21.26% |
| Change | -19.550 | -12.575 | -3.825 | - | +2.642 | +10.352 | +17.690 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 73.550 | 77.550 | 79.750 | 83.750 | 85.950 | 89.950 | 92.150 |
| Camarilla | 80.245 | 80.813 | 81.382 | 81.950 | 82.518 | 83.087 | 83.655 |
| Woodie | 72.650 | 77.100 | 78.850 | 83.300 | 85.050 | 89.500 | 91.250 |
| Fibonacci | 77.550 | 79.918 | 81.382 | 83.750 | 86.118 | 87.582 | 89.950 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 71.050 | 78.525 | 82.700 | 90.175 | 94.350 | 101.825 | 106.000 |
| Camarilla | 83.671 | 84.739 | 85.807 | 86.875 | 87.943 | 89.011 | 90.079 |
| Woodie | 69.400 | 77.700 | 81.050 | 89.350 | 92.700 | 101.000 | 104.350 |
| Fibonacci | 78.525 | 82.975 | 85.725 | 90.175 | 94.625 | 97.375 | 101.825 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 69.825 | 77.600 | 82.100 | 89.875 | 94.375 | 102.150 | 106.650 |
| Camarilla | 83.224 | 84.350 | 85.475 | 86.600 | 87.725 | 88.850 | 89.976 |
| Woodie | 68.188 | 76.781 | 80.463 | 89.056 | 92.738 | 101.331 | 105.013 |
| Fibonacci | 77.600 | 82.289 | 85.186 | 89.875 | 94.564 | 97.461 | 102.150 |
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): | 37.57 | |
| MACD (12,26,9): | -2.3900 | |
| Directional Movement: | -13.444 | |
| AROON (14): | -50.000 | |
| DEMA (21): | 86.272 | |
| Parabolic SAR (0,02-0,02-0,2): | 95.034 | |
| Elder Ray (13): | -5.388 | |
| Super Trend (3,10): | 94.928 | |
| Zig ZAG (10): | 83.175 | |
| VORTEX (21): | 0.9270 | |
| Stochastique (14,3,5): | 7.33 | |
| TEMA (21): | 85.699 | |
| Williams %R (14): | -88.92 | |
| Chande Momentum Oscillator (20): | -10.750 | |
| Repulse (5,40,3): | -5.9740 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2440 | |
| Courbe Coppock: | 8.66 |
| MA7: | 86.289 | |
| MA20: | 89.599 | |
| MA50: | 93.148 | |
| MA100: | 98.608 | |
| MAexp7: | 86.157 | |
| MAexp20: | 89.188 | |
| MAexp50: | 92.866 | |
| MAexp100: | 93.901 | |
| Price / MA7: | -3.55% | |
| Price / MA20: | -7.11% | |
| Price / MA50: | -10.65% | |
| Price / MA100: | -15.60% | |
| Price / MAexp7: | -3.37% | |
| Price / MAexp20: | -6.66% | |
| Price / MAexp50: | -10.35% | |
| Price / MAexp100: | -11.34% |
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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