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 08/26/2024 (GMT)

Londinia

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Timeframe : 15 min.
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

67%

33%

My opinion

Bullish above 74.24 USD

My targets

76.48 USD (+1.02%)

77.90 USD (+2.89%)

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 74.24 USD. The buyers' bullish objective is set at 76.48 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 77.90 USD. If there is any crossing, the next objective would be the resistance located at 79.04 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

8.2

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 75.71 USD. On the day, this instrument gained +1.18% and was between 75.04 USD and 75.83 USD. This implies that the price is at +0.89% from its lowest and at -0.16% from its highest.

75.04

75.83

75.71

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Opening Gap UP

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:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of WTI CRUDE OIL in 15 min. shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly 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.

The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 15 minutes

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 15 minutes

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	73.51	74.28	75.10	75.71	75.72	77.66	79.04
Change (%)	-2.91%	-1.89%	-0.81%	-	+0.01%	+2.58%	+4.40%
Change	-2.20	-1.43	-0.61	-	+0.01	+1.95	+3.33
Level	Minor	Intermediate	Minor	-	Major	Intermediate	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	71.18	72.00	73.42	74.24	75.66	76.48	77.90
Camarilla	74.21	74.42	74.63	74.83	75.04	75.24	75.45
Woodie	71.47	72.15	73.71	74.39	75.95	76.63	78.19
Fibonacci	72.00	72.86	73.39	74.24	75.10	75.63	76.48

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	68.01	69.74	72.28	74.01	76.55	78.28	80.82
Camarilla	73.66	74.05	74.44	74.83	75.22	75.61	76.00
Woodie	68.43	69.94	72.70	74.21	76.97	78.48	81.24
Fibonacci	69.74	71.37	72.38	74.01	75.64	76.65	78.28

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	63.48	68.48	71.84	76.84	80.20	85.20	88.56
Camarilla	72.90	73.67	74.43	75.20	75.97	76.73	77.50
Woodie	62.66	68.07	71.02	76.43	79.38	84.79	87.74
Fibonacci	68.48	71.67	73.65	76.84	80.03	82.01	85.20

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):	57.14
MACD (12,26,9):	0.0900
Directional Movement:	13.52
AROON (14):	85.71
DEMA (21):	75.64
Parabolic SAR (0,02-0,02-0,2):	75.53
Elder Ray (13):	0.04
Super Trend (3,10):	75.41
Zig ZAG (10):	75.64
VORTEX (21):	1.1000
Stochastique (14,3,5):	69.97
TEMA (21):	75.67
Williams %R (14):	-26.42
Chande Momentum Oscillator (20):	0.37
Repulse (5,40,3):	0.1100
ROCnROLL:	1
TRIX (15,9):	0.0100
Courbe Coppock:	0.79

MA7:	73.97
MA20:	74.69
MA50:	77.07
MA100:	76.51
MAexp7:	75.65
MAexp20:	75.52
MAexp50:	75.30
MAexp100:	74.83
Price / MA7:	+2.35%
Price / MA20:	+1.37%
Price / MA50:	-1.76%
Price / MA100:	-1.05%
Price / MAexp7:	+0.08%
Price / MAexp20:	+0.25%
Price / MAexp50:	+0.54%
Price / MAexp100:	+1.18%

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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