WTI CRUDE OIL - 15 min. - Technical analysis published on 10/07/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
0%
39%
My opinion
Bullish above 75.48 USD
My targets
77.59 USD (+0.35%)
79.05 USD (+2.24%)
My analysis
WTI CRUDE OIL is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 75.48 USD. The next resistance located at 77.59 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 79.05 USD. After this resistance, buyers could then target 80.89 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. 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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This analysis was given by euletthomas. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The WTI CRUDE OIL price is 77.32 USD. On the day, this instrument gained +3.95% and was traded between 73.62 USD and 77.40 USD over the period. The price is currently at +5.03% from its lowest and -0.10% from its highest.73.62
77.40
77.32
The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of WTI CRUDE OIL in 15 min. shows a strongly overall 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.
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
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.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Bullish harami
Type : Bullish
Timeframe : 15 minutes
Doji
Type : Neutral
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 74.09 | 75.06 | 76.68 | 77.32 | 79.05 | 80.89 | 84.56 |
| Change (%) | -4.18% | -2.92% | -0.83% | - | +2.24% | +4.62% | +9.36% |
| Change | -3.23 | -2.26 | -0.64 | - | +1.73 | +3.57 | +7.24 |
| Level | Minor | Intermediate | Minor | - | Minor | 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 | 71.26 | 72.36 | 73.37 | 74.47 | 75.48 | 76.58 | 77.59 |
| Camarilla | 73.80 | 73.99 | 74.19 | 74.38 | 74.57 | 74.77 | 74.96 |
| Woodie | 71.22 | 72.34 | 73.33 | 74.45 | 75.44 | 76.56 | 77.55 |
| Fibonacci | 72.36 | 73.17 | 73.66 | 74.47 | 75.28 | 75.77 | 76.58 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 59.38 | 62.85 | 68.62 | 72.09 | 77.86 | 81.33 | 87.10 |
| Camarilla | 71.84 | 72.69 | 73.53 | 74.38 | 75.23 | 76.07 | 76.92 |
| Woodie | 60.52 | 63.43 | 69.76 | 72.67 | 79.00 | 81.91 | 88.24 |
| Fibonacci | 62.85 | 66.38 | 68.56 | 72.09 | 75.62 | 77.80 | 81.33 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 55.80 | 60.04 | 64.94 | 69.18 | 74.08 | 78.32 | 83.22 |
| Camarilla | 67.32 | 68.15 | 68.99 | 69.83 | 70.67 | 71.51 | 72.34 |
| Woodie | 56.12 | 60.21 | 65.26 | 69.35 | 74.40 | 78.49 | 83.54 |
| Fibonacci | 60.04 | 63.54 | 65.69 | 69.18 | 72.68 | 74.83 | 78.32 |
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): | 67.22 | |
| MACD (12,26,9): | 0.3400 | |
| Directional Movement: | 14.23 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 77.42 | |
| Parabolic SAR (0,02-0,02-0,2): | 76.86 | |
| Elder Ray (13): | 0.20 | |
| Super Trend (3,10): | 76.61 | |
| Zig ZAG (10): | 77.34 | |
| VORTEX (21): | 1.3000 | |
| Stochastique (14,3,5): | 86.54 | |
| TEMA (21): | 77.44 | |
| Williams %R (14): | -15.63 | |
| Chande Momentum Oscillator (20): | 0.24 | |
| Repulse (5,40,3): | 0.0400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0700 | |
| Courbe Coppock: | 0.99 |
| MA7: | 71.67 | |
| MA20: | 69.96 | |
| MA50: | 71.68 | |
| MA100: | 73.74 | |
| MAexp7: | 77.27 | |
| MAexp20: | 76.95 | |
| MAexp50: | 76.30 | |
| MAexp100: | 75.59 | |
| Price / MA7: | +7.88% | |
| Price / MA20: | +10.52% | |
| Price / MA50: | +7.87% | |
| Price / MA100: | +4.85% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | +0.48% | |
| Price / MAexp50: | +1.34% | |
| Price / MAexp100: | +2.29% |
Quotes :
-
10 min delayed data
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NYMEX Futures
News
The latest news and videos published on WTI CRUDE OIL at the time of the analysis were as follows:
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WTI Crude Oil Forecast October 2, 2024
-
WTI Crude Oil Forecast September 23, 2024
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WTI Crude Oil Forecast September 20, 2024
-
WTI Crude Oil Forecast September 4, 2024
-
WTI Crude Oil Forecast August 30, 2024
This member declared not having a position on this financial instrument or a related financial instrument.
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