WTI CRUDE OIL - 15 min. - Technical analysis published on 07/25/2024 (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:
Bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 77.59 USD
My targets
78.19 USD (+0.16%)
78.80 USD (+0.93%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on WTI CRUDE OIL as long as the price remains well above 77.59 USD. The buyers' bullish objective is set at 78.19 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 78.80 USD. If there is any crossing, the next objective would be the resistance located at 79.40 USD.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.8
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This analysis was given by KBPRASAD. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
WTI CRUDE OIL rating 78.07 USD. The price registered an increase of +0.62% on the session and was traded between 76.04 USD and 78.12 USD over the period. The price is currently at +2.67% from its lowest and -0.06% from its highest.76.04
78.12
78.07
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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. 75.00% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 15 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 76.40 | 76.98 | 77.42 | 78.07 | 78.68 | 81.14 | 82.25 |
| Change (%) | -2.14% | -1.40% | -0.83% | - | +0.78% | +3.93% | +5.35% |
| Change | -1.67 | -1.09 | -0.65 | - | +0.61 | +3.07 | +4.18 |
| Level | Intermediate | Minor | Major | - | Major | 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 | 75.77 | 76.38 | 76.98 | 77.59 | 78.19 | 78.80 | 79.40 |
| Camarilla | 77.26 | 77.37 | 77.48 | 77.59 | 77.70 | 77.81 | 77.92 |
| Woodie | 75.78 | 76.38 | 76.99 | 77.59 | 78.20 | 78.80 | 79.41 |
| Fibonacci | 76.38 | 76.84 | 77.12 | 77.59 | 78.05 | 78.33 | 78.80 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 73.74 | 76.17 | 77.40 | 79.83 | 81.06 | 83.49 | 84.72 |
| Camarilla | 77.63 | 77.97 | 78.31 | 78.64 | 78.98 | 79.31 | 79.65 |
| Woodie | 73.15 | 75.87 | 76.81 | 79.53 | 80.47 | 83.19 | 84.13 |
| Fibonacci | 76.17 | 77.57 | 78.43 | 79.83 | 81.23 | 82.09 | 83.49 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 62.06 | 66.12 | 73.96 | 78.02 | 85.86 | 89.92 | 97.76 |
| Camarilla | 78.54 | 79.63 | 80.72 | 81.81 | 82.90 | 83.99 | 85.08 |
| Woodie | 63.96 | 67.07 | 75.86 | 78.97 | 87.76 | 90.87 | 99.66 |
| Fibonacci | 66.12 | 70.66 | 73.47 | 78.02 | 82.56 | 85.37 | 89.92 |
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): | 64.50 | |
| MACD (12,26,9): | 0.1800 | |
| Directional Movement: | 6.61 | |
| AROON (14): | 85.72 | |
| DEMA (21): | 77.07 | |
| Parabolic SAR (0,02-0,02-0,2): | 76.31 | |
| Elder Ray (13): | 0.55 | |
| Super Trend (3,10): | 76.44 | |
| Zig ZAG (10): | 77.66 | |
| VORTEX (21): | 1.1700 | |
| Stochastique (14,3,5): | 93.33 | |
| TEMA (21): | 77.34 | |
| Williams %R (14): | -0.57 | |
| Chande Momentum Oscillator (20): | 1.52 | |
| Repulse (5,40,3): | 1.0800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 2.60 |
| MA7: | 78.88 | |
| MA20: | 80.19 | |
| MA50: | 77.91 | |
| MA100: | 78.07 | |
| MAexp7: | 77.41 | |
| MAexp20: | 76.88 | |
| MAexp50: | 76.87 | |
| MAexp100: | 77.04 | |
| Price / MA7: | -1.03% | |
| Price / MA20: | -2.64% | |
| Price / MA50: | +0.21% | |
| Price / MA100: | -0% | |
| Price / MAexp7: | +0.85% | |
| Price / MAexp20: | +1.55% | |
| Price / MAexp50: | +1.56% | |
| Price / MAexp100: | +1.34% |
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:
-
Technical Analysis: 04/04/2024 - WTI futures surge to a 5-month high
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Technical Analysis: 28/03/2024 - WTI oil futures in fierce battle with 50.0% Fibo
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Technical Analysis: 21/03/2024 - WTI crude oil futures slip from 4-month peak
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Technical Analysis: 14/03/2024 - WTI oil futures fight with 80.80 bar
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Technical Analysis: 08/03/2024 - WTI oil futures in fierce battle with 50.0% Fibo
This member declared not having a position on this financial instrument or a related financial instrument.
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