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 05/02/2024 (GMT)

Londinia

I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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Timeframe : 15 min.
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

44%

17%

39%

My opinion

Bearish under 79.80 USD

My targets

78.03 USD (-1.33%)

77.06 USD (-2.55%)

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 under the resistance located at 79.80 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 78.03 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 77.06 USD as an objective. Crossing it would then enable sellers to target 75.29 USD. If the resistance 79.80 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.

Force

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

WTI CRUDE OIL rating 79.08 USD. The price registered an increase of +0.10% on the session and was between 78.41 USD and 79.90 USD. This implies that the price is at +0.85% from its lowest and at -1.03% from its highest.

78.41

79.90

79.08

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

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

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

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in 15 min. of this WTI CRUDE OIL chart shows a bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 15 minutes

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 15 minutes

The probability of a further increase is slight given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

RSI indicator is back over 50

Type : Bullish

Timeframe : 15 minutes

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	68.52	75.27	78.55	79.08	80.95	81.56	82.42
Change (%)	-13.35%	-4.82%	-0.67%	-	+2.36%	+3.14%	+4.22%
Change	-10.56	-3.81	-0.53	-	+1.87	+2.48	+3.34
Level	Major	Intermediate	Major	-	Minor	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	75.29	77.06	78.03	79.80	80.77	82.54	83.51
Camarilla	78.25	78.50	78.75	79.00	79.25	79.50	79.75
Woodie	74.89	76.86	77.63	79.60	80.37	82.34	83.11
Fibonacci	77.06	78.11	78.75	79.80	80.85	81.49	82.54

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	77.79	79.24	81.55	83.00	85.31	86.76	89.07
Camarilla	82.82	83.16	83.51	83.85	84.20	84.54	84.88
Woodie	78.21	79.46	81.97	83.22	85.73	86.98	89.49
Fibonacci	79.24	80.68	81.57	83.00	84.44	85.33	86.76

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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	47.33
MACD (12,26,9):	-0.1600
Directional Movement:	-5.97
AROON (14):	-64.29
DEMA (21):	78.78
Parabolic SAR (0,02-0,02-0,2):	79.10
Elder Ray (13):	0.09
Super Trend (3,10):	79.59
Zig ZAG (10):	79.06
VORTEX (21):	0.9300
Stochastique (14,3,5):	50.33
TEMA (21):	78.72
Williams %R (14):	-35.00
Chande Momentum Oscillator (20):	0.01
Repulse (5,40,3):	0.4000
ROCnROLL:	-1
TRIX (15,9):	-0.0300
Courbe Coppock:	0.73

MA7:	81.84
MA20:	83.02
MA50:	80.64
MA100:	76.02
MAexp7:	78.91
MAexp20:	78.99
MAexp50:	79.22
MAexp100:	79.53
Price / MA7:	-3.37%
Price / MA20:	-4.75%
Price / MA50:	-1.93%
Price / MA100:	+4.03%
Price / MAexp7:	+0.22%
Price / MAexp20:	+0.11%
Price / MAexp50:	-0.18%
Price / MAexp100:	-0.57%

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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