WTI CRUDE OIL - 15 min. - Technical analysis published on 05/13/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
11%
33%
56%
My opinion
Bullish above 77.61 USD
My targets
78.79 USD (+0.11%)
79.43 USD (+0.93%)
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 WTI CRUDE OIL. As long as you are above the support located at 77.61 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 78.79 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 79.43 USD as an objective. Crossing it would then enable buyers to target 80.61 USD. If the support 77.61 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
1.8
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This analysis was given by KBPRASAD. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The WTI CRUDE OIL rating is 78.70 USD. On the day, this instrument gained +0.56% with the lowest point at 77.78 USD and the highest point at 79.49 USD. The deviation from the price is +1.18% for the low point and -0.99% for the high point.77.78
79.49
78.70
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 15 min. of this WTI CRUDE OIL chart shows a bullish trend. 64.29% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 15 minutes
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 15 minutes
In fact, of the 18 technical indicators analysed by Central Analyzer, 2 are bullish, 10 are neutral and 6 are bearish. The Central Indicators scanner found this result concerning these indicators:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish engulfing lines
Type : Bullish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 76.89 | 77.94 | 78.55 | 78.70 | 79.94 | 81.56 | 83.30 |
Change (%) | -2.30% | -0.97% | -0.19% | - | +1.58% | +3.63% | +5.84% |
Change | -1.81 | -0.76 | -0.15 | - | +1.24 | +2.86 | +4.60 |
Level | Minor | Intermediate | Major | - | Major | Major | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 75.79 | 76.97 | 77.61 | 78.79 | 79.43 | 80.61 | 81.25 |
Camarilla | 77.76 | 77.93 | 78.09 | 78.26 | 78.43 | 78.59 | 78.76 |
Woodie | 75.53 | 76.84 | 77.35 | 78.66 | 79.17 | 80.48 | 80.99 |
Fibonacci | 76.97 | 77.66 | 78.09 | 78.79 | 79.48 | 79.91 | 80.61 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 73.71 | 75.30 | 76.78 | 78.37 | 79.85 | 81.44 | 82.92 |
Camarilla | 77.42 | 77.70 | 77.98 | 78.26 | 78.54 | 78.82 | 79.10 |
Woodie | 73.66 | 75.27 | 76.73 | 78.34 | 79.80 | 81.41 | 82.87 |
Fibonacci | 75.30 | 76.47 | 77.20 | 78.37 | 79.54 | 80.27 | 81.44 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 68.68 | 73.75 | 76.38 | 81.45 | 84.08 | 89.15 | 91.78 |
Camarilla | 76.88 | 77.59 | 78.29 | 79.00 | 79.71 | 80.41 | 81.12 |
Woodie | 67.45 | 73.14 | 75.15 | 80.84 | 82.85 | 88.54 | 90.55 |
Fibonacci | 73.75 | 76.70 | 78.51 | 81.45 | 84.40 | 86.21 | 89.15 |
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): | 53.22 | |
MACD (12,26,9): | 0.0900 | |
Directional Movement: | 1.85 | |
AROON (14): | 42.86 | |
DEMA (21): | 79.03 | |
Parabolic SAR (0,02-0,02-0,2): | 79.30 | |
Elder Ray (13): | -0.05 | |
Super Trend (3,10): | 79.44 | |
Zig ZAG (10): | 78.98 | |
VORTEX (21): | 1.0400 | |
Stochastique (14,3,5): | 33.09 | |
TEMA (21): | 78.99 | |
Williams %R (14): | -69.23 | |
Chande Momentum Oscillator (20): | -0.05 | |
Repulse (5,40,3): | 0.0000 | |
ROCnROLL: | -1 | |
TRIX (15,9): | 0.0200 | |
Courbe Coppock: | 0.16 |
MA7: | 78.62 | |
MA20: | 80.89 | |
MA50: | 80.92 | |
MA100: | 76.69 | |
MAexp7: | 78.91 | |
MAexp20: | 78.89 | |
MAexp50: | 78.70 | |
MAexp100: | 78.69 | |
Price / MA7: | +0.10% | |
Price / MA20: | -2.71% | |
Price / MA50: | -2.74% | |
Price / MA100: | +2.62% | |
Price / MAexp7: | -0.27% | |
Price / MAexp20: | -0.24% | |
Price / MAexp50: | -0% | |
Price / MAexp100: | +0.01% |
Quotes :
-
10 min delayed data
-
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
- Technical Analysis: 28/03/2024 - WTI oil futures in fierce battle with 50.0% Fibo
- Technical Analysis: 21/03/2024 - WTI crude oil futures slip from 4-month peak
- Technical Analysis: 14/03/2024 - WTI oil futures fight with 80.80 bar
- 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.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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