WTI CRUDE OIL - 15 min. - Technical analysis published on 09/04/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bearish
Technical indicators
67%
6%
28%
My opinion
Neutral between 70.60 USD and 71.58 USD
My targets
-
My analysis
The short-term increase on WTI CRUDE OIL remains moderate but could challenge the slightly bearish basic trend. It is difficult to advise a trading direction under these conditions. The first resistance is located at 71.58 USD. The first support is located at 70.60 USD. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.
Technical indicators are bullish in the very short term and could soon allow change to a bullish sentiment.
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Additional analysis
Quotes
The WTI CRUDE OIL price is 70.96 USD. The price registered an increase of +0.88% on the session with the lowest point at 69.19 USD and the highest point at 71.37 USD. The deviation from the price is +2.56% for the low point and -0.57% for the high point.69.19
71.37
70.96
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
Technical analysis of this 15 min. chart of WTI CRUDE OIL indicates that the overall trend is slightly bearish. 60.71% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently given by short-term moving averages could cause a reversal of the trend. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 15 minutes
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 15 minutes
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 15 minutes
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 15 minutes
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
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Long white line
Type : Bullish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 62.10 | 64.62 | 69.83 | 70.96 | 71.91 | 72.88 | 74.35 |
| Change (%) | -12.49% | -8.93% | -1.59% | - | +1.34% | +2.71% | +4.78% |
| Change | -8.86 | -6.34 | -1.13 | - | +0.95 | +1.92 | +3.39 |
| Level | Minor | Major | 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 | 64.67 | 67.39 | 68.86 | 71.58 | 73.05 | 75.77 | 77.24 |
| Camarilla | 69.19 | 69.57 | 69.96 | 70.34 | 70.72 | 71.11 | 71.49 |
| Woodie | 64.06 | 67.08 | 68.25 | 71.27 | 72.44 | 75.46 | 76.63 |
| Fibonacci | 67.39 | 68.99 | 69.98 | 71.58 | 73.18 | 74.17 | 75.77 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 67.83 | 70.60 | 72.07 | 74.84 | 76.31 | 79.08 | 80.55 |
| Camarilla | 72.38 | 72.77 | 73.16 | 73.55 | 73.94 | 74.33 | 74.72 |
| Woodie | 67.19 | 70.28 | 71.43 | 74.52 | 75.67 | 78.76 | 79.91 |
| Fibonacci | 70.60 | 72.22 | 73.22 | 74.84 | 76.46 | 77.46 | 79.08 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 61.23 | 65.90 | 69.72 | 74.39 | 78.21 | 82.88 | 86.70 |
| Camarilla | 71.22 | 71.99 | 72.77 | 73.55 | 74.33 | 75.11 | 75.89 |
| Woodie | 60.82 | 65.69 | 69.31 | 74.18 | 77.80 | 82.67 | 86.29 |
| Fibonacci | 65.90 | 69.14 | 71.14 | 74.39 | 77.63 | 79.63 | 82.88 |
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): | 53.05 | |
| MACD (12,26,9): | 0.0400 | |
| Directional Movement: | 9.68 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 70.16 | |
| Parabolic SAR (0,02-0,02-0,2): | 69.79 | |
| Elder Ray (13): | 0.51 | |
| Super Trend (3,10): | 69.49 | |
| Zig ZAG (10): | 71.00 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 64.83 | |
| TEMA (21): | 70.29 | |
| Williams %R (14): | -23.39 | |
| Chande Momentum Oscillator (20): | 1.18 | |
| Repulse (5,40,3): | 0.6500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 1.97 |
| MA7: | 73.50 | |
| MA20: | 74.70 | |
| MA50: | 76.44 | |
| MA100: | 76.07 | |
| MAexp7: | 70.33 | |
| MAexp20: | 69.94 | |
| MAexp50: | 70.08 | |
| MAexp100: | 70.68 | |
| Price / MA7: | -3.46% | |
| Price / MA20: | -5.01% | |
| Price / MA50: | -7.17% | |
| Price / MA100: | -6.72% | |
| Price / MAexp7: | +0.90% | |
| Price / MAexp20: | +1.46% | |
| Price / MAexp50: | +1.26% | |
| Price / MAexp100: | +0.40% |
Quotes :
-
10 min delayed data
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NYMEX Futures
News
The last news published on WTI CRUDE OIL at the time of the generation of this analysis was as follows:
-
WTI Crude Oil Forecast September 4, 2024
-
WTI Crude Oil Forecast August 30, 2024
-
WTI Crude Oil Forecast August 27, 2024
-
WTI Crude Oil Forecast August 26, 2024
-
WTI Crude Oil Forecast August 16, 2024
This member declared not having a position on this financial instrument or a related financial instrument.
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