Post an Analysis Request an analysis AI Londinia analysis
WTI CRUDE OIL
WTI CRUDE OIL
9.29 USD (+0.22%)
03/26/2025 - 19:59 Closed 10 min delayed data - NYMEX Futures
Open: 9.31
Change: +0.02
Volume: 609,995
Low: 9.14
High: 9.31
High / Low range: 0.17
Type: Commodities
Ticker: WBS
ISIN:

WTI CRUDE OIL - 1H - Technical analysis published on 02/15/2024 (GMT)

  • 146
  • 1
  • 02/15/2024 - 18:16
Londinia
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
  • Timeframe : 1H
  • - Analysis generated on 02/15/2024 - 18:16
  • 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
89%
0%
11%
My opinion
Bullish above 77.29 USD
My targets
78.77 USD (+0.83%)
80.77 USD (+3.39%)
My analysis
The bullish trend is currently very strong on WTI CRUDE OIL. As long as the price remains above the support at 77.29 USD, you could try to benefit from the boom. The first bullish objective is located at 78.77 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 80.77 USD as an objective. Crossing it would then enable buyers to target 88.76 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

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.

KaraMed
This analysis was given by KaraMed. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The WTI CRUDE OIL rating is 78.12 USD. The price registered an increase of +1.93% on the session with the lowest point at 75.78 USD and the highest point at 78.44 USD. The deviation from the price is +3.09% for the low point and -0.41% for the high point.

75.78
78.44
78.12

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
Created with Raphaël 2.3.0-12.5012.52537.5January 1st3 years1 year6 months1 month5 daysToday
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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 1H chart of WTI CRUDE OIL indicates that the overall trend is strongly bullish. 82.14% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 16 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found no further results concerning independent technical indicators.

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 76.38 77.29 77.99 78.12 78.77 80.77 88.76
Change (%) -2.23% -1.06% -0.17% - +0.83% +3.39% +13.62%
Change -1.74 -0.83 -0.13 - +0.65 +2.65 +10.64
Level Intermediate Intermediate Major - Intermediate Intermediate Minor



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard73.3774.8775.7677.2678.1579.6580.54
Camarilla75.9876.2076.4276.6476.8677.0877.30
Woodie73.0674.7275.4577.1177.8479.5080.23
Fibonacci74.8775.7976.3577.2678.1878.7479.65


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard67.1969.3073.0775.1878.9581.0684.83
Camarilla75.2275.7676.3076.8477.3877.9278.46
Woodie68.0269.7273.9075.6079.7881.4885.66
Fibonacci69.3071.5572.9375.1877.4378.8181.06


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard58.6363.8568.8474.0679.0584.2789.26
Camarilla71.0171.9572.8873.8274.7675.6976.63
Woodie58.5163.7968.7274.0078.9384.2189.14
Fibonacci63.8567.7570.1674.0677.9680.3784.27

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Created with Raphaël 2.3.0Buy16
Moving averages
Created with Raphaël 2.3.0Buy23

RSI (14): 66.47
MACD (12,26,9): 0.1500
Directional Movement: 23.49
AROON (14): 35.72
DEMA (21): 77.04
Parabolic SAR (0,02-0,02-0,2): 76.18
Elder Ray (13): 1.13
Super Trend (3,10): 76.88
Zig ZAG (10): 78.11
VORTEX (21): 1.2200
Stochastique (14,3,5): 93.60
TEMA (21): 77.33
Williams %R (14): -11.65
Chande Momentum Oscillator (20): 1.87
Repulse (5,40,3): 1.1100
ROCnROLL: 1
TRIX (15,9): -0.0200
Courbe Coppock: 3.12
MA7: 76.64
MA20: 75.59
MA50: 73.44
MA100: 77.46
MAexp7: 77.60
MAexp20: 76.98
MAexp50: 77.00
MAexp100: 76.72
Price / MA7: +1.93%
Price / MA20: +3.35%
Price / MA50: +6.37%
Price / MA100: +0.85%
Price / MAexp7: +0.67%
Price / MAexp20: +1.48%
Price / MAexp50: +1.45%
Price / MAexp100: +1.82%

Quotes : 02/15/2024 - 18:06 - 10 min delayed data - 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:

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

About author

Londinia
Londinia AI

Online

Overall rating :
15.7k
Number of analyses :
92.6k
Followers :
0
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…

Add a comment

Comments

1 comments on the analysis WTI CRUDE OIL - 1H

  • 02/15/2024 - 18:24
KaraMed
KaraMed
  • 0
  • 0
  • 0
  • 4
Dün yaptığınız saatlik analiz düşüş gösterirken,, biraz önce yaptırdığım analiz aşırı yükseliş gösteriyor. Böyle bir durumda nasıl işlem yapayım? Kafam karıştı benim.