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 09/12/2024 (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%

28%

My opinion

Bullish above 66.97 USD

My targets

68.31 USD (+0.44%)

69.31 USD (+1.91%)

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 66.97 USD. The buyers' bullish objective is set at 68.31 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 69.31 USD. If there is any crossing, the next objective would be the resistance located at 70.65 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

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

The WTI CRUDE OIL price is 68.01 USD. The price registered an increase of +1.04% on the session with the lowest point at 67.24 USD and the highest point at 68.02 USD. The deviation from the price is +1.15% for the low point and -0.01% for the high point.

67.24

68.02

68.01

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

A technical analysis in 15 min. of this WTI CRUDE OIL chart shows a strongly 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 12 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

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

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	64.62	66.43	67.17	68.01	68.80	70.82	71.91
Change (%)	-4.98%	-2.32%	-1.24%	-	+1.16%	+4.13%	+5.73%
Change	-3.39	-1.58	-0.84	-	+0.79	+2.81	+3.90
Level	Major	Minor	Intermediate	-	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	63.63	64.63	65.97	66.97	68.31	69.31	70.65
Camarilla	66.67	66.88	67.10	67.31	67.53	67.74	67.95
Woodie	63.80	64.72	66.14	67.06	68.48	69.40	70.82
Fibonacci	64.63	65.52	66.08	66.97	67.86	68.42	69.31

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):	59.57
MACD (12,26,9):	0.0900
Directional Movement:	14.68
AROON (14):	85.72
DEMA (21):	67.72
Parabolic SAR (0,02-0,02-0,2):	67.52
Elder Ray (13):	0.04
Super Trend (3,10):	67.45
Zig ZAG (10):	67.68
VORTEX (21):	1.1600
Stochastique (14,3,5):	84.21
TEMA (21):	67.74
Williams %R (14):	-25.00
Chande Momentum Oscillator (20):	0.17
Repulse (5,40,3):	0.0000
ROCnROLL:	1
TRIX (15,9):	0.0200
Courbe Coppock:	0.62

MA7:	67.94
MA20:	71.95
MA50:	74.91
MA100:	75.40
MAexp7:	67.72
MAexp20:	67.60
MAexp50:	67.43
MAexp100:	67.28
Price / MA7:	+0.10%
Price / MA20:	-5.48%
Price / MA50:	-9.21%
Price / MA100:	-9.80%
Price / MAexp7:	+0.43%
Price / MAexp20:	+0.61%
Price / MAexp50:	+0.86%
Price / MAexp100:	+1.09%

Quotes : - 10 min delayed data - NYMEX Futures

News

The latest news and videos published on WTI CRUDE OIL at the time of the analysis were as follows:

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

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