MINI CRUDE OIL FULL0325 - 1H - Technical analysis published on 09/27/2023 (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:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 91.402 USD
My targets
92.425 USD (+0.57%)
96.225 USD (+4.71%)
My analysis
MINI CRUDE OIL FULL1123 is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 91.402 USD. The next resistance located at 92.425 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 96.225 USD. After this resistance, buyers could then target 119.010 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
9.1
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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 FULL1123 price is 91.900 USD. The price registered an increase of +1.66% on the session and was traded between 90.425 USD and 91.925 USD over the period. The price is currently at +1.63% from its lowest and -0.03% from its highest.90.425
91.925
91.900
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
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
A technical analysis in 1H of this MINI CRUDE OIL FULL1123 chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported 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, 17 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
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 | 89.517 | 90.750 | 91.402 | 91.900 | 92.425 | 119.010 | 145.570 |
| Change (%) | -2.59% | -1.25% | -0.54% | - | +0.57% | +29.50% | +58.40% |
| Change | -2.383 | -1.150 | -0.498 | - | +0.525 | +27.110 | +53.670 |
| Level | Intermediate | Intermediate | Major | - | 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 | 86.267 | 87.233 | 88.817 | 89.783 | 91.367 | 92.333 | 93.917 |
| Camarilla | 89.699 | 89.933 | 90.166 | 90.400 | 90.634 | 90.868 | 91.101 |
| Woodie | 86.575 | 87.388 | 89.125 | 89.938 | 91.675 | 92.488 | 94.225 |
| Fibonacci | 87.233 | 88.207 | 88.809 | 89.783 | 90.757 | 91.359 | 92.333 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 84.075 | 86.225 | 88.125 | 90.275 | 92.175 | 94.325 | 96.225 |
| Camarilla | 88.911 | 89.283 | 89.654 | 90.025 | 90.396 | 90.768 | 91.139 |
| Woodie | 83.950 | 86.163 | 88.000 | 90.213 | 92.050 | 94.263 | 96.100 |
| Fibonacci | 86.225 | 87.772 | 88.728 | 90.275 | 91.822 | 92.778 | 94.325 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 70.375 | 73.350 | 78.825 | 81.800 | 87.275 | 90.250 | 95.725 |
| Camarilla | 81.976 | 82.751 | 83.525 | 84.300 | 85.075 | 85.849 | 86.624 |
| Woodie | 71.625 | 73.975 | 80.075 | 82.425 | 88.525 | 90.875 | 96.975 |
| Fibonacci | 73.350 | 76.578 | 78.572 | 81.800 | 85.028 | 87.022 | 90.250 |
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): | 73.48 | |
| MACD (12,26,9): | 0.4490 | |
| Directional Movement: | 14.218 | |
| AROON (14): | 85.714 | |
| DEMA (21): | 91.473 | |
| Parabolic SAR (0,02-0,02-0,2): | 91.085 | |
| Elder Ray (13): | 0.450 | |
| Super Trend (3,10): | 90.539 | |
| Zig ZAG (10): | 91.875 | |
| VORTEX (21): | 1.3180 | |
| Stochastique (14,3,5): | 88.72 | |
| TEMA (21): | 91.762 | |
| Williams %R (14): | -1.70 | |
| Chande Momentum Oscillator (20): | 1.300 | |
| Repulse (5,40,3): | 0.8150 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0660 | |
| Courbe Coppock: | 2.21 |
| MA7: | 90.246 | |
| MA20: | 87.812 | |
| MA50: | 82.468 | |
| MA100: | 76.158 | |
| MAexp7: | 91.419 | |
| MAexp20: | 90.906 | |
| MAexp50: | 90.407 | |
| MAexp100: | 90.150 | |
| Price / MA7: | +1.83% | |
| Price / MA20: | +4.66% | |
| Price / MA50: | +11.44% | |
| Price / MA100: | +20.67% | |
| Price / MAexp7: | +0.53% | |
| Price / MAexp20: | +1.09% | |
| Price / MAexp50: | +1.65% | |
| Price / MAexp100: | +1.94% |
Quotes :
-
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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