MINI CRUDE OIL FULL0125 - Daily - Technical analysis published on 05/26/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
39%
28%
33%
My opinion
Bearish under 72.050 USD
My targets
68.625 USD (-4.62%)
62.725 USD (-12.82%)
My analysis
There is a bearish trend on MINI CRUDE OIL FULL0723 both at the basic level and in the short term. A sale could be considered, so long as the price remains below 72.050 USD. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 68.625 USD. Then the price could move towards 62.725 USD. Then 52.467 USD by extension. Be careful, a return to above the resistance 72.050 USD would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps more risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
3.9
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This analysis was given by JulianDB. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The MINI CRUDE OIL FULL0723 price is 71.950 USD. The price has increased by +0.17% since the last closing and was between 71.500 USD and 72.225 USD. This implies that the price is at +0.63% from its lowest and at -0.38% from its highest.71.500
72.225
71.950
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by MINI CRUDE OIL FULL0723:
Technical
A technical analysis in Daily of this MINI CRUDE OIL FULL0723 chart shows a bearish trend. The signals given by moving averages are at 78.57% bearish. This bearish trend shows slight signs of slowing down given the slightly bearish signals of short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
In fact, of the 18 technical indicators analysed by Central Analyzer, 7 are bullish, 6 are neutral and 5 are bearish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of these bullish Japanese candlestick patterns detected by Central Candlesticks that could cause a very short term rebound were also noted:
Bullish harami
Type : Bullish
Timeframe : Daily
Bullish harami cross
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 33.735 | 52.467 | 68.625 | 71.950 | 72.035 | 76.600 | 82.808 |
| Change (%) | -53.11% | -27.08% | -4.62% | - | +0.12% | +6.46% | +15.09% |
| Change | -38.215 | -19.483 | -3.325 | - | +0.085 | +4.650 | +10.858 |
| Level | Minor | Major | Intermediate | - | Major | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 67.092 | 69.058 | 70.442 | 72.408 | 73.792 | 75.758 | 77.142 |
| Camarilla | 70.904 | 71.211 | 71.518 | 71.825 | 72.132 | 72.439 | 72.746 |
| Woodie | 66.800 | 68.913 | 70.150 | 72.263 | 73.500 | 75.613 | 76.850 |
| Fibonacci | 69.058 | 70.338 | 71.129 | 72.408 | 73.688 | 74.479 | 75.758 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 65.525 | 67.500 | 69.600 | 71.575 | 73.675 | 75.650 | 77.750 |
| Camarilla | 70.579 | 70.953 | 71.327 | 71.700 | 72.074 | 72.447 | 72.821 |
| Woodie | 65.588 | 67.531 | 69.663 | 71.606 | 73.738 | 75.681 | 77.813 |
| Fibonacci | 67.500 | 69.057 | 70.018 | 71.575 | 73.132 | 74.093 | 75.650 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 62.725 | 68.375 | 72.050 | 77.700 | 81.375 | 87.025 | 90.700 |
| Camarilla | 73.161 | 74.015 | 74.870 | 75.725 | 76.580 | 77.435 | 78.289 |
| Woodie | 61.738 | 67.881 | 71.063 | 77.206 | 80.388 | 86.531 | 89.713 |
| Fibonacci | 68.375 | 71.937 | 74.138 | 77.700 | 81.262 | 83.463 | 87.025 |
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): | 46.44 | |
| MACD (12,26,9): | -0.7940 | |
| Directional Movement: | -6.470 | |
| AROON (14): | 50.000 | |
| DEMA (21): | 71.661 | |
| Parabolic SAR (0,02-0,02-0,2): | 69.711 | |
| Elder Ray (13): | -0.592 | |
| Super Trend (3,10): | 76.005 | |
| Zig ZAG (10): | 72.175 | |
| VORTEX (21): | 0.9480 | |
| Stochastique (14,3,5): | 62.58 | |
| TEMA (21): | 71.566 | |
| Williams %R (14): | -51.91 | |
| Chande Momentum Oscillator (20): | -0.625 | |
| Repulse (5,40,3): | -1.1890 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2250 | |
| Courbe Coppock: | 1.18 |
| MA7: | 72.400 | |
| MA20: | 71.935 | |
| MA50: | 74.570 | |
| MA100: | 76.041 | |
| MAexp7: | 72.374 | |
| MAexp20: | 72.844 | |
| MAexp50: | 74.305 | |
| MAexp100: | 76.364 | |
| Price / MA7: | -0.62% | |
| Price / MA20: | +0.02% | |
| Price / MA50: | -3.51% | |
| Price / MA100: | -5.38% | |
| Price / MAexp7: | -0.59% | |
| Price / MAexp20: | -1.23% | |
| Price / MAexp50: | -3.17% | |
| Price / MAexp100: | -5.78% |
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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