WTI CRUDE OIL - 15 min. - Technical analysis published on 06/27/2022 (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:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 106.61 USD
My targets
109.59 USD (+1.63%)
111.55 USD (+3.45%)
My analysis
The bullish trend is currently very strong on WTI CRUDE OIL. As long as the price remains above the support at 106.61 USD, you could try to benefit from the boom. The first bullish objective is located at 109.59 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 111.55 USD as an objective. Crossing it would then enable buyers to target 114.53 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
0
10
7.9
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Additional analysis
Quotes
WTI CRUDE OIL rating 107.83 USD. The price has increased by +0.20% since the last closing with the lowest point at 105.60 USD and the highest point at 108.35 USD. The deviation from the price is +2.11% for the low point and -0.48% for the high point.105.60
108.35
107.83
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of WTI CRUDE OIL in 15 min. shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals 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, 11 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 15 minutes
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 101.53 | 104.58 | 106.79 | 107.83 | 110.47 | 117.63 | 122.20 |
| Change (%) | -5.84% | -3.01% | -0.96% | - | +2.45% | +9.09% | +13.33% |
| Change | -6.30 | -3.25 | -1.04 | - | +2.64 | +9.80 | +14.37 |
| Level | Minor | Major | Intermediate | - | Intermediate | 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 | 99.71 | 101.67 | 104.65 | 106.61 | 109.59 | 111.55 | 114.53 |
| Camarilla | 106.26 | 106.71 | 107.17 | 107.62 | 108.07 | 108.53 | 108.98 |
| Woodie | 100.21 | 101.93 | 105.15 | 106.87 | 110.09 | 111.81 | 115.03 |
| Fibonacci | 101.67 | 103.56 | 104.73 | 106.61 | 108.50 | 109.67 | 111.55 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 92.75 | 97.14 | 102.38 | 106.77 | 112.01 | 116.40 | 121.64 |
| Camarilla | 104.97 | 105.86 | 106.74 | 107.62 | 108.50 | 109.39 | 110.27 |
| Woodie | 93.18 | 97.35 | 102.81 | 106.98 | 112.44 | 116.61 | 122.07 |
| Fibonacci | 97.14 | 100.82 | 103.09 | 106.77 | 110.45 | 112.72 | 116.40 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 75.12 | 84.74 | 99.26 | 108.88 | 123.40 | 133.02 | 147.54 |
| Camarilla | 107.14 | 109.35 | 111.57 | 113.78 | 115.99 | 118.21 | 120.42 |
| Woodie | 77.57 | 85.97 | 101.71 | 110.11 | 125.85 | 134.25 | 149.99 |
| Fibonacci | 84.74 | 93.96 | 99.66 | 108.88 | 118.10 | 123.80 | 133.02 |
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): | 54.59 | |
| MACD (12,26,9): | 0.0400 | |
| Directional Movement: | 5.31 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 107.62 | |
| Parabolic SAR (0,02-0,02-0,2): | 106.81 | |
| Elder Ray (13): | 0.22 | |
| Super Trend (3,10): | 108.31 | |
| Zig ZAG (10): | 107.73 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 69.18 | |
| TEMA (21): | 107.57 | |
| Williams %R (14): | -29.45 | |
| Chande Momentum Oscillator (20): | -0.34 | |
| Repulse (5,40,3): | 0.2300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.19 |
| MA7: | 107.46 | |
| MA20: | 113.68 | |
| MA50: | 107.83 | |
| MA100: | 101.77 | |
| MAexp7: | 107.63 | |
| MAexp20: | 107.57 | |
| MAexp50: | 107.38 | |
| MAexp100: | 106.92 | |
| Price / MA7: | +0.34% | |
| Price / MA20: | -5.15% | |
| Price / MA50: | -0% | |
| Price / MA100: | +5.95% | |
| Price / MAexp7: | +0.19% | |
| Price / MAexp20: | +0.24% | |
| Price / MAexp50: | +0.42% | |
| Price / MAexp100: | +0.85% |
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:
-
WTI Crude Oil Forecast June 27, 2022
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WTI Crude Oil Forecast June 24, 2022
-
Technical Analysis: 23/06/2022 - WTI oil futures trade with bearish bias as trendline breached
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WTI Crude Oil and CAD/JPY Forecast June 23, 2022
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WTI Crude Oil Forecast June 22, 2022
This member declared not having a position on this financial instrument or a related financial instrument.
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