WTI CRUDE OIL - 15 min. - Technical analysis published on 03/02/2022 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
44%
28%
28%
My opinion
Bullish above 105.21 USD
My targets
109.88 USD (+0.74%)
113.30 USD (+3.88%)
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 105.21 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 109.88 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 113.30 USD as an objective. Crossing it would then enable buyers to target 119.81 USD. If the support 105.21 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
3
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Additional analysis
Quotes
The WTI CRUDE OIL rating is 109.07 USD. On the day, this instrument gained +5.47% and was traded between 105.18 USD and 112.51 USD over the period. The price is currently at +3.70% from its lowest and -3.06% from its highest.105.18
112.51
109.07
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of WTI CRUDE OIL in 15 min. shows an overall bullish trend. 67.86% 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 currently does not detect any result that concerns moving averages.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : 15 minutes
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 15 minutes
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 98.47 | 100.54 | 106.78 | 109.07 | 110.38 | 145.29 |
| Change (%) | -9.72% | -7.82% | -2.10% | - | +1.20% | +33.21% |
| Change | -10.60 | -8.53 | -2.29 | - | +1.31 | +36.22 |
| Level | Minor | Minor | Intermediate | - | Intermediate | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 85.43 | 90.38 | 96.89 | 101.84 | 108.35 | 113.30 | 119.81 |
| Camarilla | 100.26 | 101.31 | 102.36 | 103.41 | 104.46 | 105.51 | 106.56 |
| Woodie | 86.22 | 90.77 | 97.68 | 102.23 | 109.14 | 113.69 | 120.60 |
| Fibonacci | 90.38 | 94.75 | 97.46 | 101.84 | 106.21 | 108.92 | 113.30 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 75.44 | 82.25 | 86.92 | 93.73 | 98.40 | 105.21 | 109.88 |
| Camarilla | 88.43 | 89.49 | 90.54 | 91.59 | 92.64 | 93.70 | 94.75 |
| Woodie | 74.37 | 81.72 | 85.85 | 93.20 | 97.33 | 104.68 | 108.81 |
| Fibonacci | 82.25 | 86.64 | 89.35 | 93.73 | 98.12 | 100.83 | 105.21 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 69.02 | 77.24 | 90.33 | 98.55 | 111.64 | 119.86 | 132.95 |
| Camarilla | 97.55 | 99.50 | 101.46 | 103.41 | 105.36 | 107.32 | 109.27 |
| Woodie | 71.45 | 78.46 | 92.76 | 99.77 | 114.07 | 121.08 | 135.38 |
| Fibonacci | 77.24 | 85.38 | 90.41 | 98.55 | 106.69 | 111.72 | 119.86 |
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): | 47.98 | |
| MACD (12,26,9): | -0.4000 | |
| Directional Movement: | -5.98 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 108.05 | |
| Parabolic SAR (0,02-0,02-0,2): | 108.64 | |
| Elder Ray (13): | -0.02 | |
| Super Trend (3,10): | 110.43 | |
| Zig ZAG (10): | 108.54 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 50.31 | |
| TEMA (21): | 107.63 | |
| Williams %R (14): | -43.65 | |
| Chande Momentum Oscillator (20): | -1.39 | |
| Repulse (5,40,3): | 0.7400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 4.75 |
| MA7: | 96.68 | |
| MA20: | 92.70 | |
| MA50: | 84.95 | |
| MA100: | 79.77 | |
| MAexp7: | 108.18 | |
| MAexp20: | 108.52 | |
| MAexp50: | 108.51 | |
| MAexp100: | 107.00 | |
| Price / MA7: | +12.82% | |
| Price / MA20: | +17.66% | |
| Price / MA50: | +28.39% | |
| Price / MA100: | +36.73% | |
| Price / MAexp7: | +0.82% | |
| Price / MAexp20: | +0.51% | |
| Price / MAexp50: | +0.52% | |
| Price / MAexp100: | +1.93% |
Quotes :
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10 min delayed data
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NYMEX Futures
News
Don't forget to follow the news on WTI CRUDE OIL. At the time of publication of this analysis, the latest news was as follows:
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WTI Crude Oil Forecast March 2, 2022
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WTI Crude Oil Forecast March 1, 2022
-
WTI Crude Oil and USD/CAD Forecast February 28, 2022
-
WTI Crude Oil Forecast February 25, 2022
-
Technical Analysis: 24/02/2022 - WTI futures surge past 100 mark sparked by Russia’s attacks
This member declared not having a position on this financial instrument or a related financial instrument.
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