WTI CRUDE OIL - 15 min. - Technical analysis published on 11/25/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 70.68 USD
My targets
68.46 USD (-1.30%)
67.63 USD (-2.49%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on WTI CRUDE OIL as long as the price remains well below 70.68 USD. The sellers' bearish objective is set at 68.46 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 67.63 USD. In case of crossing, the next objective would be the support located at 67.16 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
7.1
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Additional analysis
Quotes
The WTI CRUDE OIL rating is 69.36 USD. On the day, this instrument lost -2.64% and was between 69.11 USD and 71.48 USD. This implies that the price is at +0.36% from its lowest and at -2.97% from its highest.69.11
71.48
69.36
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
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 15 min. of this WTI CRUDE OIL chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 15 minutes
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 15 minutes
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is under support 1
Type : Neutral
Timeframe : 15 minutes
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 63.13 | 67.16 | 67.77 | 69.36 | 69.39 | 70.40 | 70.76 |
| Change (%) | -8.98% | -3.17% | -2.29% | - | +0.04% | +1.50% | +2.02% |
| Change | -6.23 | -2.20 | -1.59 | - | +0.03 | +1.04 | +1.40 |
| Level | Major | Major | Minor | - | Major | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 67.63 | 68.46 | 69.85 | 70.68 | 72.07 | 72.90 | 74.29 |
| Camarilla | 70.63 | 70.83 | 71.04 | 71.24 | 71.44 | 71.65 | 71.85 |
| Woodie | 67.91 | 68.60 | 70.13 | 70.82 | 72.35 | 73.04 | 74.57 |
| Fibonacci | 68.46 | 69.31 | 69.83 | 70.68 | 71.53 | 72.05 | 72.90 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 63.15 | 64.87 | 68.06 | 69.78 | 72.97 | 74.69 | 77.88 |
| Camarilla | 69.89 | 70.34 | 70.79 | 71.24 | 71.69 | 72.14 | 72.59 |
| Woodie | 63.88 | 65.24 | 68.79 | 70.15 | 73.70 | 75.06 | 78.61 |
| Fibonacci | 64.87 | 66.75 | 67.91 | 69.78 | 71.66 | 72.82 | 74.69 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 53.57 | 60.14 | 64.81 | 71.38 | 76.05 | 82.62 | 87.29 |
| Camarilla | 66.39 | 67.42 | 68.45 | 69.48 | 70.51 | 71.54 | 72.57 |
| Woodie | 52.62 | 59.67 | 63.86 | 70.91 | 75.10 | 82.15 | 86.34 |
| Fibonacci | 60.14 | 64.43 | 67.09 | 71.38 | 75.67 | 78.33 | 82.62 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 25.53 | |
| MACD (12,26,9): | -0.3700 | |
| Directional Movement: | -27.14 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 69.82 | |
| Parabolic SAR (0,02-0,02-0,2): | 70.22 | |
| Elder Ray (13): | -0.73 | |
| Super Trend (3,10): | 70.39 | |
| Zig ZAG (10): | 69.18 | |
| VORTEX (21): | 0.7700 | |
| Stochastique (14,3,5): | 3.48 | |
| TEMA (21): | 69.32 | |
| Williams %R (14): | -98.09 | |
| Chande Momentum Oscillator (20): | -1.86 | |
| Repulse (5,40,3): | -0.6100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 4.38 |
| MA7: | 69.25 | |
| MA20: | 69.52 | |
| MA50: | 70.32 | |
| MA100: | 71.67 | |
| MAexp7: | 69.54 | |
| MAexp20: | 70.24 | |
| MAexp50: | 70.57 | |
| MAexp100: | 70.63 | |
| Price / MA7: | +0.16% | |
| Price / MA20: | -0.23% | |
| Price / MA50: | -1.37% | |
| Price / MA100: | -3.22% | |
| Price / MAexp7: | -0.26% | |
| Price / MAexp20: | -1.25% | |
| Price / MAexp50: | -1.71% | |
| Price / MAexp100: | -1.80% |
Quotes :
-
10 min delayed data
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NYMEX Futures
News
The last news published on WTI CRUDE OIL at the time of the generation of this analysis was as follows:
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WTI Crude Oil Forecast November 21, 2024
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WTI Crude Oil Forecast November 8, 2024
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Trade of the week: short WTI crude oil
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WTI Crude Oil Forecast October 2, 2024
-
WTI Crude Oil Forecast September 23, 2024
This member declared not having a position on this financial instrument or a related financial instrument.
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