WTI CRUDE OIL - 15 min. - Technical analysis published on 04/25/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
67%
0%
33%
My opinion
Bullish above 82.99 USD
My targets
83.53 USD (+0.40%)
84.26 USD (+1.27%)
My analysis
A bullish trend on WTI CRUDE OIL both in substance and in the short term. A purchase could be considered as long as the price remains above 82.99 USD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 83.53 USD. Then the price could move towards 84.26 USD. Then 84.80 USD by extension. Be careful, a return below 82.99 USD would be a sign of the trend weakening and a possible correction 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 could be riskier.
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
6.4
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This analysis was given by KBPRASAD. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
WTI CRUDE OIL rating 83.20 USD. On the day, this instrument gained +0.47% with the lowest point at 82.57 USD and the highest point at 83.25 USD. The deviation from the price is +0.76% for the low point and -0.06% for the high point.82.57
83.25
83.20
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 (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 15 min. chart of WTI CRUDE OIL indicates that the overall trend is bullish. 78.57% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 15 minutes
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 15 minutes
In fact, 12 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : 15 minutes
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 80.88 | 81.41 | 83.02 | 83.20 | 83.71 | 85.13 | 85.85 |
| Change (%) | -2.79% | -2.15% | -0.22% | - | +0.61% | +2.32% | +3.19% |
| Change | -2.32 | -1.79 | -0.18 | - | +0.51 | +1.93 | +2.65 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 80.99 | 81.72 | 82.26 | 82.99 | 83.53 | 84.26 | 84.80 |
| Camarilla | 82.46 | 82.58 | 82.69 | 82.81 | 82.93 | 83.04 | 83.16 |
| Woodie | 80.91 | 81.67 | 82.18 | 82.94 | 83.45 | 84.21 | 84.72 |
| Fibonacci | 81.72 | 82.20 | 82.50 | 82.99 | 83.47 | 83.77 | 84.26 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 75.19 | 77.81 | 79.90 | 82.52 | 84.61 | 87.23 | 89.32 |
| Camarilla | 80.71 | 81.14 | 81.57 | 82.00 | 82.43 | 82.86 | 83.30 |
| Woodie | 74.94 | 77.68 | 79.65 | 82.39 | 84.36 | 87.10 | 89.07 |
| Fibonacci | 77.81 | 79.61 | 80.72 | 82.52 | 84.32 | 85.43 | 87.23 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 69.03 | 72.05 | 77.31 | 80.33 | 85.59 | 88.61 | 93.87 |
| Camarilla | 80.29 | 81.05 | 81.81 | 82.57 | 83.33 | 84.09 | 84.85 |
| Woodie | 70.15 | 72.61 | 78.43 | 80.89 | 86.71 | 89.17 | 94.99 |
| Fibonacci | 72.05 | 75.21 | 77.17 | 80.33 | 83.49 | 85.45 | 88.61 |
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): | 54.55 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | -4.19 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 82.93 | |
| Parabolic SAR (0,02-0,02-0,2): | 82.64 | |
| Elder Ray (13): | 0.04 | |
| Super Trend (3,10): | 83.13 | |
| Zig ZAG (10): | 82.99 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 69.64 | |
| TEMA (21): | 82.94 | |
| Williams %R (14): | -6.98 | |
| Chande Momentum Oscillator (20): | 0.18 | |
| Repulse (5,40,3): | 0.1600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.13 |
| MA7: | 82.34 | |
| MA20: | 83.59 | |
| MA50: | 80.10 | |
| MA100: | 75.36 | |
| MAexp7: | 82.99 | |
| MAexp20: | 82.92 | |
| MAexp50: | 82.90 | |
| MAexp100: | 82.89 | |
| Price / MA7: | +1.04% | |
| Price / MA20: | -0.47% | |
| Price / MA50: | +3.87% | |
| Price / MA100: | +10.40% | |
| Price / MAexp7: | +0.25% | |
| Price / MAexp20: | +0.34% | |
| Price / MAexp50: | +0.36% | |
| Price / MAexp100: | +0.37% |
Quotes :
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10 min delayed data
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NYMEX Futures
News
The last news published on WTI CRUDE OIL at the time of the generation of this analysis was as follows:
-
Technical Analysis: 04/04/2024 - WTI futures surge to a 5-month high
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Technical Analysis: 28/03/2024 - WTI oil futures in fierce battle with 50.0% Fibo
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Technical Analysis: 21/03/2024 - WTI crude oil futures slip from 4-month peak
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Technical Analysis: 14/03/2024 - WTI oil futures fight with 80.80 bar
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Technical Analysis: 08/03/2024 - WTI oil futures in fierce battle with 50.0% Fibo
This member declared not having a position on this financial instrument or a related financial instrument.
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