WTI CRUDE OIL

- USD (-)

- 10 min delayed data - NYMEX Futures

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Commodities
Ticker:	WBS
ISIN:

WTI CRUDE OIL - 15 min. - Technical analysis published on 04/26/2024 (GMT)

Londinia

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Timeframe : 15 min.
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

17%

My opinion

Bullish above 83.13 USD

My targets

84.27 USD (+0.29%)

84.97 USD (+1.12%)

My analysis

The bullish trend is currently very strong on WTI CRUDE OIL. As long as the price remains above the support at 83.13 USD, you could try to benefit from the boom. The first bullish objective is located at 84.27 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 84.97 USD as an objective. Crossing it would then enable buyers to target 86.11 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.8

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by KBPRASAD. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The WTI CRUDE OIL price is 84.03 USD. On the day, this instrument gained +0.55% with the lowest point at 83.71 USD and the highest point at 84.07 USD. The deviation from the price is +0.38% for the low point and -0.05% for the high point.

83.71

84.07

84.03

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 15 min. chart of WTI CRUDE OIL indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong 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.

In fact, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 15 minutes

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 15 minutes

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

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 presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Bearish harami

Type : Bearish

Timeframe : 15 minutes

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	81.99	82.63	83.88	84.03	84.59	85.13	85.85
Change (%)	-2.43%	-1.67%	-0.18%	-	+0.67%	+1.31%	+2.17%
Change	-2.04	-1.40	-0.15	-	+0.56	+1.10	+1.82
Level	Intermediate	Minor	Major	-	Minor	Major	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	80.59	81.29	82.43	83.13	84.27	84.97	86.11
Camarilla	83.06	83.23	83.40	83.57	83.74	83.91	84.08
Woodie	80.81	81.40	82.65	83.24	84.49	85.08	86.33
Fibonacci	81.29	81.99	82.43	83.13	83.83	84.27	84.97

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):	68.57
MACD (12,26,9):	0.0700
Directional Movement:	18.52
AROON (14):	92.86
DEMA (21):	83.97
Parabolic SAR (0,02-0,02-0,2):	83.74
Elder Ray (13):	0.10
Super Trend (3,10):	83.76
Zig ZAG (10):	84.03
VORTEX (21):	1.0600
Stochastique (14,3,5):	80.91
TEMA (21):	83.93
Williams %R (14):	-17.24
Chande Momentum Oscillator (20):	0.19
Repulse (5,40,3):	0.0800
ROCnROLL:	1
TRIX (15,9):	0.0100
Courbe Coppock:	0.23

MA7:	82.75
MA20:	83.71
MA50:	80.28
MA100:	75.50
MAexp7:	83.95
MAexp20:	83.86
MAexp50:	83.66
MAexp100:	83.41
Price / MA7:	+1.55%
Price / MA20:	+0.38%
Price / MA50:	+4.67%
Price / MA100:	+11.30%
Price / MAexp7:	+0.10%
Price / MAexp20:	+0.20%
Price / MAexp50:	+0.44%
Price / MAexp100:	+0.74%

Quotes : - 10 min delayed data - NYMEX Futures

News

The latest news and videos published on WTI CRUDE OIL at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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