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)

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Timeframe : 15 min.
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Neutral

Technical indicators

22%

67%

11%

My opinion

Bearish under 70.11 USD

My targets

68.67 USD (-0.56%)

67.54 USD (-2.21%)

My analysis

The strong short-term decrease of WTI CRUDE OIL should quickly allow the basic trend to become bearish. As long as the price remains below the resistance located at 70.11 USD, a sale could be considered. The first bearish objective is located at 68.67 USD. The bearish momentum would be boosted by a support break. Sellers could then target the support located at 67.54 USD. If there is any crossing, the next objective would be support 66.10 USD. Caution, if there is a return to above 70.11 USD, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

3.2

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 69.06 USD. On the day, this instrument gained +0.13% and was traded between 69.02 USD and 70.32 USD over the period. The price is currently at +0.06% from its lowest and -1.79% from its highest.

69.02

70.32

69.06

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

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

Technical analysis of this 15 min. chart of WTI CRUDE OIL indicates that the overall trend is not clearly defined. The trend could quickly turn bearish due to the strong bearish signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Bearish trend reversal : adaptative moving average 100

Type : Bearish

Timeframe : 15 minutes

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 2 are neutral and 12 are bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 15 minutes

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 15 minutes

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	67.17	67.95	68.76	69.06	69.77	70.82	71.91
Change (%)	-2.74%	-1.61%	-0.43%	-	+1.03%	+2.55%	+4.13%
Change	-1.89	-1.11	-0.30	-	+0.71	+1.76	+2.85
Level	Minor	Minor	Major	-	Major	Intermediate	Major

Attention could also be paid to pivot points to set price objectives:

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):	41.69
MACD (12,26,9):	-0.0600
Directional Movement:	-8.52
AROON (14):	-50.00
DEMA (21):	69.64
Parabolic SAR (0,02-0,02-0,2):	70.11
Elder Ray (13):	-0.26
Super Trend (3,10):	70.27
Zig ZAG (10):	69.24
VORTEX (21):	0.9300
Stochastique (14,3,5):	10.36
TEMA (21):	69.48
Williams %R (14):	-86.89
Chande Momentum Oscillator (20):	-0.29
Repulse (5,40,3):	-0.4400
ROCnROLL:	2
TRIX (15,9):	0.0000
Courbe Coppock:	1.16

MA7:	68.10
MA20:	71.69
MA50:	74.71
MA100:	75.31
MAexp7:	69.41
MAexp20:	69.67
MAexp50:	69.60
MAexp100:	69.31
Price / MA7:	+1.41%
Price / MA20:	-3.67%
Price / MA50:	-7.56%
Price / MA100:	-8.30%
Price / MAexp7:	-0.50%
Price / MAexp20:	-0.88%
Price / MAexp50:	-0.78%
Price / MAexp100:	-0.36%

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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