WTI CRUDE OIL
3,255.44
USD
(-0.72%)
01/21/2025 - 07:36
Open 10 min delayed data - NYMEX Futures
Open: | 3,279.91 |
Change: | -23.48 |
Volume: | 30,363 |
Low: | 3,201.81 |
High: | 3,285.99 |
High / Low range: | 84.18 |
Type: | Commodities |
Ticker: | WBS |
ISIN: |
WTI CRUDE OIL - 15 min. - Technical analysis published on 09/13/2024 (GMT)
- 105
- 0
- 09/13/2024 - 13:21
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- Timeframe : 15 min.
- - Analysis generated on 09/13/2024 - 13:21
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 68.67 USD
My targets
70.11 USD (+0.22%)
71.24 USD (+1.85%)
My analysis
The bullish trend is currently very strong on WTI CRUDE OIL. As long as the price remains above the support at 68.67 USD, you could try to benefit from the boom. The first bullish objective is located at 70.11 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 71.24 USD as an objective. Crossing it would then enable buyers to target 72.68 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
0
10
8
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Additional analysis
Quotes
WTI CRUDE OIL rating 69.95 USD. The price has increased by +1.42% since the last closing and was traded between 69.17 USD and 70.18 USD over the period. The price is currently at +1.13% from its lowest and -0.33% from its highest.69.17
70.18
69.95
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 15 min. of this WTI CRUDE OIL chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 67.95 | 68.76 | 69.77 | 69.95 | 70.82 | 71.91 | 73.55 |
Change (%) | -2.86% | -1.70% | -0.26% | - | +1.24% | +2.80% | +5.15% |
Change | -2.00 | -1.19 | -0.18 | - | +0.87 | +1.96 | +3.60 |
Level | Minor | Major | Major | - | Intermediate | 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 | 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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
RSI (14): | 65.46 | |
MACD (12,26,9): | 0.1100 | |
Directional Movement: | 17.36 | |
AROON (14): | 100.00 | |
DEMA (21): | 69.88 | |
Parabolic SAR (0,02-0,02-0,2): | 69.66 | |
Elder Ray (13): | 0.18 | |
Super Trend (3,10): | 69.36 | |
Zig ZAG (10): | 70.13 | |
VORTEX (21): | 1.1100 | |
Stochastique (14,3,5): | 75.79 | |
TEMA (21): | 69.91 | |
Williams %R (14): | -29.31 | |
Chande Momentum Oscillator (20): | 0.22 | |
Repulse (5,40,3): | 0.3400 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0200 | |
Courbe Coppock: | 0.66 |
MA7: | 68.21 | |
MA20: | 71.73 | |
MA50: | 74.72 | |
MA100: | 75.31 | |
MAexp7: | 69.86 | |
MAexp20: | 69.71 | |
MAexp50: | 69.52 | |
MAexp100: | 69.17 | |
Price / MA7: | +2.55% | |
Price / MA20: | -2.48% | |
Price / MA50: | -6.38% | |
Price / MA100: | -7.12% | |
Price / MAexp7: | +0.13% | |
Price / MAexp20: | +0.34% | |
Price / MAexp50: | +0.62% | |
Price / MAexp100: | +1.13% |
Quotes :
09/13/2024 - 13:11
-
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:
- 09/03/2024 - 16:52 WTI Crude Oil Forecast September 4, 2024
- 08/29/2024 - 16:19 WTI Crude Oil Forecast August 30, 2024
- 08/26/2024 - 19:03 WTI Crude Oil Forecast August 27, 2024
- 08/23/2024 - 19:23 WTI Crude Oil Forecast August 26, 2024
- 08/15/2024 - 15:40 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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