WTI CRUDE OIL - 15 min. - Technical analysis published on 07/26/2024 (GMT)
- 94
- 0
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!
Click here for a new analysis!
- 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 bearish
Underlying:
Neutral
Technical indicators
39%
44%
17%
My opinion
Bearish under 79.15 USD
My targets
77.60 USD (-0.58%)
76.72 USD (-1.70%)
My analysis
The current short-term bearish trend is expected to quickly fix the basic bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for WTI CRUDE OIL as long as the price remains well below 79.15 USD. The sellers' bearish objective is set at 77.60 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 76.72 USD. If there is any crossing, the next objective would be the support located at 75.17 USD.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
2
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 price is 78.05 USD. On the day, this instrument lost -0.29% and was between 77.78 USD and 78.60 USD. This implies that the price is at +0.35% from its lowest and at -0.70% from its highest.77.78
78.60
78.05
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 15 min. chart of WTI CRUDE OIL indicates that the overall trend is not clearly defined. The trend could quickly turn bearish due to the strong bearish signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 15 minutes
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 15 minutes
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 15 minutes
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish engulfing lines
Type : Bullish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 75.27 | 76.40 | 77.42 | 78.05 | 78.62 | 80.47 | 81.14 |
| Change (%) | -3.56% | -2.11% | -0.81% | - | +0.73% | +3.10% | +3.96% |
| Change | -2.78 | -1.65 | -0.63 | - | +0.57 | +2.42 | +3.09 |
| Level | Minor | Intermediate | Major | - | Major | Minor | 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 | 74.29 | 75.17 | 76.72 | 77.60 | 79.15 | 80.03 | 81.58 |
| Camarilla | 77.61 | 77.84 | 78.06 | 78.28 | 78.50 | 78.73 | 78.95 |
| Woodie | 74.64 | 75.34 | 77.07 | 77.77 | 79.50 | 80.20 | 81.93 |
| Fibonacci | 75.17 | 76.10 | 76.67 | 77.60 | 78.53 | 79.10 | 80.03 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 42.75 | |
| MACD (12,26,9): | -0.1100 | |
| Directional Movement: | -9.46 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 78.00 | |
| Parabolic SAR (0,02-0,02-0,2): | 78.08 | |
| Elder Ray (13): | -0.14 | |
| Super Trend (3,10): | 78.17 | |
| Zig ZAG (10): | 78.03 | |
| VORTEX (21): | 0.7500 | |
| Stochastique (14,3,5): | 14.89 | |
| TEMA (21): | 77.89 | |
| Williams %R (14): | -60.94 | |
| Chande Momentum Oscillator (20): | -0.16 | |
| Repulse (5,40,3): | 0.2400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 0.91 |
| MA7: | 78.45 | |
| MA20: | 80.11 | |
| MA50: | 77.93 | |
| MA100: | 78.11 | |
| MAexp7: | 78.00 | |
| MAexp20: | 78.13 | |
| MAexp50: | 78.17 | |
| MAexp100: | 77.98 | |
| Price / MA7: | -0.51% | |
| Price / MA20: | -2.57% | |
| Price / MA50: | +0.15% | |
| Price / MA100: | -0.08% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | -0.10% | |
| Price / MAexp50: | -0.15% | |
| Price / MAexp100: | +0.09% |
Quotes :
-
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:
-
Technical Analysis: 04/04/2024 - WTI futures surge to a 5-month high
-
Technical Analysis: 28/03/2024 - WTI oil futures in fierce battle with 50.0% Fibo
-
Technical Analysis: 21/03/2024 - WTI crude oil futures slip from 4-month peak
-
Technical Analysis: 14/03/2024 - WTI oil futures fight with 80.80 bar
-
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.
About author
Online
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
0 comments on the analysis WTI CRUDE OIL - 15 min.