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 11/04/2024 (GMT)

Londinia

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Timeframe : 15 min.
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

22%

My opinion

Bullish above 70.09 USD

My targets

72.22 USD (+1.40%)

72.98 USD (+2.48%)

My analysis

The bullish trend is currently very strong on WTI CRUDE OIL. As long as the price remains above the support at 70.09 USD, you could try to benefit from the boom. The first bullish objective is located at 72.22 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 72.98 USD as an objective. Crossing it would then enable buyers to target 76.64 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

8.6

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 joana. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The WTI CRUDE OIL rating is 71.22 USD. The price has increased by +2.49% since the last closing with the lowest point at 70.25 USD and the highest point at 71.52 USD. The deviation from the price is +1.38% for the low point and -0.42% for the high point.

70.25

71.52

71.22

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

Here is a more detailed summary of the historical variations registered by WTI CRUDE OIL:

Technical

A technical analysis in 15 min. of this WTI CRUDE OIL chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 14 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 15 minutes

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 15 minutes

RSI indicator: bearish divergence

Type : Bearish

Timeframe : 15 minutes

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 15 minutes

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 15 minutes

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	68.35	69.16	70.41	71.22	71.46	72.34	72.79
Change (%)	-4.03%	-2.89%	-1.14%	-	+0.34%	+1.57%	+2.20%
Change	-2.87	-2.06	-0.81	-	+0.24	+1.12	+1.57
Level	Intermediate	Intermediate	Major	-	Intermediate	Minor	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	66.59	67.96	68.72	70.09	70.85	72.22	72.98
Camarilla	68.90	69.10	69.30	69.49	69.69	69.88	70.08
Woodie	66.30	67.81	68.43	69.94	70.56	72.07	72.69
Fibonacci	67.96	68.77	69.27	70.09	70.90	71.40	72.22

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	62.26	64.49	66.99	69.22	71.72	73.95	76.45
Camarilla	68.19	68.62	69.06	69.49	69.92	70.36	70.79
Woodie	62.40	64.56	67.13	69.29	71.86	74.02	76.59
Fibonacci	64.49	66.30	67.41	69.22	71.03	72.14	73.95

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	53.58	60.15	64.82	71.39	76.06	82.63	87.30
Camarilla	66.40	67.43	68.46	69.49	70.52	71.55	72.58
Woodie	52.63	59.68	63.87	70.92	75.11	82.16	86.35
Fibonacci	60.15	64.44	67.10	71.39	75.68	78.34	82.63

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):	70.98
MACD (12,26,9):	0.2300
Directional Movement:	23.65
AROON (14):	50.00
DEMA (21):	71.41
Parabolic SAR (0,02-0,02-0,2):	70.94
Elder Ray (13):	0.20
Super Trend (3,10):	71.01
Zig ZAG (10):	71.50
VORTEX (21):	1.2400
Stochastique (14,3,5):	94.90
TEMA (21):	71.51
Williams %R (14):	-7.06
Chande Momentum Oscillator (20):	0.62
Repulse (5,40,3):	0.1900
ROCnROLL:	1
TRIX (15,9):	0.0400
Courbe Coppock:	1.62

MA7:	69.32
MA20:	70.81
MA50:	70.18
MA100:	72.90
MAexp7:	71.35
MAexp20:	71.13
MAexp50:	70.81
MAexp100:	70.58
Price / MA7:	+2.74%
Price / MA20:	+0.58%
Price / MA50:	+1.48%
Price / MA100:	-2.30%
Price / MAexp7:	-0.18%
Price / MAexp20:	+0.13%
Price / MAexp50:	+0.58%
Price / MAexp100:	+0.91%

Quotes : - 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:

This member declared not having a position on this financial instrument or a related financial instrument.

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