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 05/13/2024 (GMT)

Londinia

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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

1.8

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

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:

The Central Records scanner for higher/lower results shows an item:

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

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:

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

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