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WTI CRUDE OIL
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 10/03/2024 (GMT)

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

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Summary of the analysis

Trends
Short term: Bullish
Underlying: Slightly bullish
Technical indicators
17%
56%
28%
My opinion
Bullish above 70.82 USD
My targets
71.77 USD (+0.97%)
73.44 USD (+3.32%)
My analysis
The bullish trend is truly tentative and does not seem to be supported in the short term. 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 70.82 USD. The buyers' bullish objective is set at 71.77 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 73.44 USD. If there is any crossing, the next objective would be the resistance located at 74.39 USD. If there is a bearish break in the support located at 70.82 USD some indecision would arise.

In the very short term, technical indicators are in opposition with the general bullish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
0.5

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.

euletthomas
This analysis was given by euletthomas. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

The WTI CRUDE OIL rating is 71.08 USD. The price has increased by +1.40% since the last closing and was traded between 70.71 USD and 71.37 USD over the period. The price is currently at +0.52% from its lowest and -0.41% from its highest.

70.71
71.37
71.08

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

Central Gaps

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:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of WTI CRUDE OIL in 15 min. shows an overall slightly bullish trend. 57.14% of the signals given by moving averages are bullish. The slightly bullish signals given by short-term moving averages do not show a strengthening of this global trend. An assessment of moving averages reveals several bearish and bullish signals:

Central Indicators

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 15 minutes


Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 15 minutes


Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 15 minutes


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 15 minutes



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

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 15 minutes

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : 15 minutes


MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 15 minutes


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Momentum indicator is back under 0

Type : Bearish

Timeframe : 15 minutes



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

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 68.87 69.48 70.91 71.08 71.78 72.49 73.30
Change (%) -3.11% -2.25% -0.24% - +0.98% +1.98% +3.12%
Change -2.21 -1.60 -0.17 - +0.70 +1.41 +2.22
Level Major Intermediate Major - Minor Intermediate Minor



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard66.5368.2069.1570.8271.7773.4474.39
Camarilla69.3869.6269.8670.1070.3470.5870.82
Woodie66.1768.0268.7970.6471.4173.2674.03
Fibonacci68.2069.2069.8270.8271.8272.4473.44


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard60.5063.7365.9569.1871.4074.6376.85
Camarilla66.6867.1867.6868.1868.6869.1869.68
Woodie60.0163.4865.4668.9370.9174.3876.36
Fibonacci63.7365.8167.1069.1871.2672.5574.63


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard55.8060.0464.9469.1874.0878.3283.22
Camarilla67.3268.1568.9969.8370.6771.5172.34
Woodie56.1260.2165.2669.3574.4078.4983.54
Fibonacci60.0463.5465.6969.1872.6874.8378.32

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): 44.08
MACD (12,26,9): 0.0500
Directional Movement: -2.60
AROON (14): -21.43
DEMA (21): 71.11
Parabolic SAR (0,02-0,02-0,2): 71.35
Elder Ray (13): -0.16
Super Trend (3,10): 70.88
Zig ZAG (10): 70.94
VORTEX (21): 0.9800
Stochastique (14,3,5): 25.33
TEMA (21): 71.11
Williams %R (14): -81.67
Chande Momentum Oscillator (20): -0.10
Repulse (5,40,3): -0.3000
ROCnROLL: 2
TRIX (15,9): 0.0100
Courbe Coppock: 0.28
MA7: 69.25
MA20: 68.95
MA50: 71.56
MA100: 73.69
MAexp7: 71.07
MAexp20: 71.04
MAexp50: 70.98
MAexp100: 70.87
Price / MA7: +2.64%
Price / MA20: +3.09%
Price / MA50: -0.67%
Price / MA100: -3.54%
Price / MAexp7: +0.01%
Price / MAexp20: +0.06%
Price / MAexp50: +0.14%
Price / MAexp100: +0.30%

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.

About author

Londinia
Londinia AI

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