WTI CRUDE OIL - 15 min. - Technical analysis published on 09/12/2024 (GMT)
- 107
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 68.31 USD
My targets
70.65 USD (+1.70%)
70.82 USD (+1.94%)
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 68.31 USD. The buyers' bullish objective is set at 70.65 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 70.82 USD. If there is any crossing, the next objective would be the resistance located at 71.91 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.6
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 rating is 69.47 USD. The price has increased by +3.21% since the last closing and was traded between 67.24 USD and 69.81 USD over the period. The price is currently at +3.32% from its lowest and -0.49% from its highest.67.24
69.81
69.47
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:
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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 15 minutes
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 66.43 | 67.17 | 68.80 | 69.47 | 70.82 | 71.91 | 72.89 |
| Change (%) | -4.38% | -3.31% | -0.96% | - | +1.94% | +3.51% | +4.92% |
| Change | -3.04 | -2.30 | -0.67 | - | +1.35 | +2.44 | +3.42 |
| Level | Minor | Intermediate | Major | - | Minor | Major | Minor |
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 | 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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 64.27 | |
| MACD (12,26,9): | 0.3100 | |
| Directional Movement: | 12.23 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 69.11 | |
| Parabolic SAR (0,02-0,02-0,2): | 68.26 | |
| Elder Ray (13): | 0.53 | |
| Super Trend (3,10): | 68.40 | |
| Zig ZAG (10): | 69.30 | |
| VORTEX (21): | 1.1200 | |
| Stochastique (14,3,5): | 76.33 | |
| TEMA (21): | 69.33 | |
| Williams %R (14): | -23.50 | |
| Chande Momentum Oscillator (20): | 0.98 | |
| Repulse (5,40,3): | 0.1400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 2.77 |
| MA7: | 68.17 | |
| MA20: | 72.04 | |
| MA50: | 74.94 | |
| MA100: | 75.42 | |
| MAexp7: | 69.22 | |
| MAexp20: | 68.75 | |
| MAexp50: | 68.35 | |
| MAexp100: | 67.98 | |
| Price / MA7: | +1.91% | |
| Price / MA20: | -3.57% | |
| Price / MA50: | -7.30% | |
| Price / MA100: | -7.89% | |
| Price / MAexp7: | +0.36% | |
| Price / MAexp20: | +1.05% | |
| Price / MAexp50: | +1.64% | |
| Price / MAexp100: | +2.19% |
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:
-
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.
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.