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 09/11/2024 (GMT)

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Timeframe : 15 min.
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

78%

17%

My opinion

Bullish above 66.70 USD

My targets

68.13 USD (+0.87%)

70.51 USD (+4.40%)

My analysis

WTI CRUDE OIL is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 66.70 USD. The next resistance located at 68.13 USD is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 70.51 USD. After this resistance, buyers could then target 71.94 USD.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

6.6

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 euletthomas. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The WTI CRUDE OIL price is 67.54 USD. On the day, this instrument gained +2.72% and was between 65.91 USD and 67.55 USD. This implies that the price is at +2.47% from its lowest and at -0.01% from its highest.

65.91

67.55

67.54

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of WTI CRUDE OIL in 15 min. shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 15 minutes

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 15 minutes

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 15 minutes

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

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

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	58.08	62.10	64.62	67.54	68.80	70.82	71.91
Change (%)	-14.01%	-8.05%	-4.32%	-	+1.87%	+4.86%	+6.47%
Change	-9.46	-5.44	-2.92	-	+1.26	+3.28	+4.37
Level	Major	Minor	Major	-	Major	Minor	Major

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	60.51	62.89	64.32	66.70	68.13	70.51	71.94
Camarilla	64.70	65.05	65.40	65.75	66.10	66.45	66.80
Woodie	60.04	62.65	63.85	66.46	67.66	70.27	71.47
Fibonacci	62.89	64.35	65.25	66.70	68.16	69.06	70.51

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	57.85	62.51	65.09	69.75	72.33	76.99	79.57
Camarilla	65.68	66.34	67.01	67.67	68.33	69.00	69.66
Woodie	56.81	61.99	64.05	69.23	71.29	76.47	78.53
Fibonacci	62.51	65.28	66.98	69.75	72.52	74.22	76.99

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 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):	71.78
MACD (12,26,9):	0.2800
Directional Movement:	24.94
AROON (14):	100.00
DEMA (21):	67.23
Parabolic SAR (0,02-0,02-0,2):	66.99
Elder Ray (13):	0.37
Super Trend (3,10):	66.75
Zig ZAG (10):	67.31
VORTEX (21):	1.2900
Stochastique (14,3,5):	89.19
TEMA (21):	67.48
Williams %R (14):	-1.08
Chande Momentum Oscillator (20):	0.78
Repulse (5,40,3):	0.4100
ROCnROLL:	1
TRIX (15,9):	0.0500
Courbe Coppock:	2.40

MA7:	68.30
MA20:	72.42
MA50:	75.18
MA100:	75.52
MAexp7:	67.28
MAexp20:	66.90
MAexp50:	66.65
MAexp100:	66.82
Price / MA7:	-1.11%
Price / MA20:	-6.74%
Price / MA50:	-10.16%
Price / MA100:	-10.57%
Price / MAexp7:	+0.39%
Price / MAexp20:	+0.96%
Price / MAexp50:	+1.34%
Price / MAexp100:	+1.08%

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:

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

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