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 09/13/2024 (GMT)

Londinia

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Timeframe : 15 min.
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

56%

11%

33%

My opinion

Bullish above 68.67 USD

My targets

70.11 USD (+1.14%)

71.24 USD (+2.77%)

My analysis

Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 68.67 USD remains possible. It is advisable to trade WTI CRUDE OIL with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 68.67 USD. The next bullish objective for buyers is set at 70.11 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 71.24 USD. If there is any crossing, the next objective would be the resistance located at 72.68 USD. PS: if there is a bearish break in the support located at 68.67 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

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

5.4

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 69.32 USD. On the day, this instrument gained +0.51% with the lowest point at 69.17 USD and the highest point at 69.53 USD. The deviation from the price is +0.22% for the low point and -0.30% for the high point.

69.17

69.53

69.32

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by WTI CRUDE OIL:

Technical

Technical analysis of WTI CRUDE OIL in 15 min. shows an overall bullish trend. 78.57% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

MACD indicator: bearish divergence

Type : Bearish

Timeframe : 15 minutes

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

Williams %R indicator is back under -50

Type : Bearish

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	67.17	67.95	68.76	69.32	69.77	70.82	71.91
Change (%)	-3.10%	-1.98%	-0.81%	-	+0.65%	+2.16%	+3.74%
Change	-2.15	-1.37	-0.56	-	+0.45	+1.50	+2.59
Level	Minor	Minor	Major	-	Major	Intermediate	Major

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	64.97	66.10	67.54	68.67	70.11	71.24	72.68
Camarilla	68.26	68.50	68.73	68.97	69.21	69.44	69.68
Woodie	65.12	66.18	67.69	68.75	70.26	71.32	72.83
Fibonacci	66.10	67.09	67.69	68.67	69.66	70.26	71.24

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):	57.40
MACD (12,26,9):	0.0500
Directional Movement:	12.88
AROON (14):	92.86
DEMA (21):	69.44
Parabolic SAR (0,02-0,02-0,2):	69.17
Elder Ray (13):	0.03
Super Trend (3,10):	69.24
Zig ZAG (10):	69.43
VORTEX (21):	1.0100
Stochastique (14,3,5):	81.18
TEMA (21):	69.43
Williams %R (14):	-41.38
Chande Momentum Oscillator (20):	0.07
Repulse (5,40,3):	-0.0300
ROCnROLL:	-1
TRIX (15,9):	0.0100
Courbe Coppock:	0.38

MA7:	68.14
MA20:	71.71
MA50:	74.71
MA100:	75.31
MAexp7:	69.42
MAexp20:	69.38
MAexp50:	69.22
MAexp100:	68.83
Price / MA7:	+1.73%
Price / MA20:	-3.33%
Price / MA50:	-7.21%
Price / MA100:	-7.95%
Price / MAexp7:	-0.14%
Price / MAexp20:	-0.09%
Price / MAexp50:	+0.14%
Price / MAexp100:	+0.71%

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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