WTI CRUDE OIL - Daily - Technical analysis published on 10/23/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Additional analysis
Quotes
The WTI CRUDE OIL rating is 70.46 USD. On the day, this instrument lost -1.78% and was traded between 70.13 USD and 71.72 USD over the period. The price is currently at +0.47% from its lowest and -1.76% from its highest.The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
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 Daily chart of WTI CRUDE OIL indicates that the overall trend is bearish. The signals given by moving averages are at 75.00% bearish. This bearish trend shows slight signs of slowing down given the slightly bearish signals of short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : Daily
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 4 are neutral and 9 are bearish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : Daily
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
MACD indicator is back under 0
Type : Bearish
Timeframe : Daily
Ichimoku - Bearish crossover : Tenkan & Kijun
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami
Type : Bearish
Timeframe : Daily
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 63.14 | 68.35 | 70.41 | 70.46 | 72.78 | 76.64 | 78.48 |
Change (%) | -10.39% | -2.99% | -0.07% | - | +3.29% | +8.77% | +11.38% |
Change | -7.32 | -2.11 | -0.05 | - | +2.32 | +6.18 | +8.02 |
Level | Major | Intermediate | Major | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 67.29 | 68.32 | 70.03 | 71.06 | 72.77 | 73.80 | 75.51 |
Camarilla | 70.99 | 71.24 | 71.49 | 71.74 | 71.99 | 72.24 | 72.49 |
Woodie | 67.63 | 68.49 | 70.37 | 71.23 | 73.11 | 73.97 | 75.85 |
Fibonacci | 68.32 | 69.37 | 70.01 | 71.06 | 72.11 | 72.75 | 73.80 |
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 60.02 | 64.11 | 66.41 | 70.50 | 72.80 | 76.89 | 79.19 |
Camarilla | 66.96 | 67.55 | 68.13 | 68.72 | 69.31 | 69.89 | 70.48 |
Woodie | 59.14 | 63.66 | 65.53 | 70.05 | 71.92 | 76.44 | 78.31 |
Fibonacci | 64.11 | 66.55 | 68.06 | 70.50 | 72.94 | 74.45 | 76.89 |
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 55.30 | 59.54 | 64.44 | 68.68 | 73.58 | 77.82 | 82.72 |
Camarilla | 66.82 | 67.65 | 68.49 | 69.33 | 70.17 | 71.01 | 71.84 |
Woodie | 55.62 | 59.71 | 64.76 | 68.85 | 73.90 | 77.99 | 83.04 |
Fibonacci | 59.54 | 63.04 | 65.19 | 68.68 | 72.18 | 74.33 | 77.82 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
RSI (14): | 48.40 | |
MACD (12,26,9): | -0.0100 | |
Directional Movement: | 2.23 | |
AROON (14): | -57.14 | |
DEMA (21): | 71.17 | |
Parabolic SAR (0,02-0,02-0,2): | 75.00 | |
Elder Ray (13): | -0.17 | |
Super Trend (3,10): | 66.74 | |
Zig ZAG (10): | 70.48 | |
VORTEX (21): | 0.9600 | |
Stochastique (14,3,5): | 26.17 | |
TEMA (21): | 71.27 | |
Williams %R (14): | -77.07 | |
Chande Momentum Oscillator (20): | -6.21 | |
Repulse (5,40,3): | 0.6600 | |
ROCnROLL: | 2 | |
TRIX (15,9): | 0.0700 | |
Courbe Coppock: | 0.19 |
MA7: | 70.15 | |
MA20: | 71.29 | |
MA50: | 70.76 | |
MA100: | 73.18 | |
MAexp7: | 70.80 | |
MAexp20: | 71.08 | |
MAexp50: | 71.39 | |
MAexp100: | 72.08 | |
Price / MA7: | +0.44% | |
Price / MA20: | -1.16% | |
Price / MA50: | -0.42% | |
Price / MA100: | -3.72% | |
Price / MAexp7: | -0.48% | |
Price / MAexp20: | -0.87% | |
Price / MAexp50: | -1.30% | |
Price / MAexp100: | -2.25% |
News
Don't forget to follow the news on WTI CRUDE OIL. At the time of publication of this analysis, the latest news was 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
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WTI Crude Oil Forecast September 4, 2024
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WTI Crude Oil Forecast August 30, 2024
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