MINI CRUDE OIL FULL0125 - 1H - Technical analysis published on 11/24/2022 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
61%
6%
33%
My opinion
Bearish under 81.233 USD
My targets
75.800 USD (-2.88%)
70.417 USD (-9.78%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on MINI CRUDE OIL FULL0123. As long as you are under the resistance located at 81.233 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 75.800 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 70.417 USD as an objective. Crossing it would then enable sellers to target 51.667 USD. If the resistance 81.233 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
1.4
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Additional analysis
Quotes
The MINI CRUDE OIL FULL0123 rating is 78.050 USD. The price has increased by +0.13% since the last closing and was traded between 76.900 USD and 78.200 USD over the period. The price is currently at +1.50% from its lowest and -0.19% from its highest.76.900
78.200
78.050
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by MINI CRUDE OIL FULL0123:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of MINI CRUDE OIL FULL0123 in 1H shows an overall bearish trend. The signals given by moving averages are 75.00% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 32.935 | 51.667 | 75.800 | 78.050 | 81.925 | 83.892 | 85.583 |
| Change (%) | -57.80% | -33.80% | -2.88% | - | +4.96% | +7.48% | +9.65% |
| Change | -45.115 | -26.383 | -2.250 | - | +3.875 | +5.842 | +7.533 |
| Level | Intermediate | Major | Major | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 70.783 | 73.817 | 75.883 | 78.917 | 80.983 | 84.017 | 86.083 |
| Camarilla | 76.548 | 77.015 | 77.483 | 77.950 | 78.418 | 78.885 | 79.353 |
| Woodie | 70.300 | 73.575 | 75.400 | 78.675 | 80.500 | 83.775 | 85.600 |
| Fibonacci | 73.817 | 75.765 | 76.969 | 78.917 | 80.865 | 82.069 | 84.017 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 63.233 | 70.417 | 75.258 | 82.442 | 87.283 | 94.467 | 99.308 |
| Camarilla | 76.793 | 77.895 | 78.998 | 80.100 | 81.202 | 82.305 | 83.407 |
| Woodie | 62.063 | 69.831 | 74.088 | 81.856 | 86.113 | 93.881 | 98.138 |
| Fibonacci | 70.417 | 75.010 | 77.848 | 82.442 | 87.035 | 89.873 | 94.467 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 68.533 | 74.317 | 81.233 | 87.017 | 93.933 | 99.717 | 106.633 |
| Camarilla | 84.658 | 85.822 | 86.986 | 88.150 | 89.314 | 90.478 | 91.643 |
| Woodie | 69.100 | 74.600 | 81.800 | 87.300 | 94.500 | 100.000 | 107.200 |
| Fibonacci | 74.317 | 79.168 | 82.165 | 87.017 | 91.868 | 94.865 | 99.717 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 46.75 | |
| MACD (12,26,9): | -0.3030 | |
| Directional Movement: | -8.465 | |
| AROON (14): | -21.429 | |
| DEMA (21): | 77.337 | |
| Parabolic SAR (0,02-0,02-0,2): | 76.924 | |
| Elder Ray (13): | 0.098 | |
| Super Trend (3,10): | 78.777 | |
| Zig ZAG (10): | 77.825 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 80.95 | |
| TEMA (21): | 77.593 | |
| Williams %R (14): | -3.85 | |
| Chande Momentum Oscillator (20): | 0.650 | |
| Repulse (5,40,3): | 0.8810 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0770 | |
| Courbe Coppock: | 0.29 |
| MA7: | 80.571 | |
| MA20: | 85.455 | |
| MA50: | 84.695 | |
| MA100: | 87.632 | |
| MAexp7: | 77.881 | |
| MAexp20: | 77.836 | |
| MAexp50: | 78.641 | |
| MAexp100: | 79.771 | |
| Price / MA7: | -3.13% | |
| Price / MA20: | -8.67% | |
| Price / MA50: | -7.85% | |
| Price / MA100: | -10.93% | |
| Price / MAexp7: | +0.22% | |
| Price / MAexp20: | +0.27% | |
| Price / MAexp50: | -0.75% | |
| Price / MAexp100: | -2.16% |
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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