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 - 1H - Technical analysis published on 12/05/2024 (GMT)

Timeframe : 1H
- Analysis generated on
Status : NEUTRAL

Summary of the analysis

Trends

Short term: Neutral

Underlying: Slightly bearish

Technical indicators

56%

39%

My opinion

Neutral between 68.34 USD and 69.12 USD

My targets

My analysis

A slightly bearish trend and a neutral short term. With such a pattern, it is difficult to favour buying or selling. The first support is located at 68.34 USD. The first resistance is located at 69.12 USD. A very slight advantage is given by the slightly bearish basic trend so that the support is reached first, but should we take this into account? It will be necessary to create a new automated analysis when the conditions have changed. This could be the case, for example, when the first support has been broken below or the first resistance has been broken above.

In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.

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 CREAM89. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

WTI CRUDE OIL rating 68.88 USD. The price has increased by +0.50% since the last closing with the lowest point at 67.98 USD and the highest point at 69.16 USD. The deviation from the price is +1.32% for the low point and -0.40% for the high point.

67.98

69.16

68.88

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

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

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of WTI CRUDE OIL indicates that the overall trend is slightly bearish. 60.71% of the signals given by moving averages are bearish. As the signals currently given by short-term moving averages are rather neutral, the slightly bearish trend could return to neutral. An assessment of moving averages reveals several bearish and bullish signals:

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : 1 hour

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 1 hour

An assessment of technical indicators shows a moderate bullish signal.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

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

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	67.71	68.05	68.34	68.88	69.12	69.69	70.51
Change (%)	-1.70%	-1.20%	-0.78%	-	+0.35%	+1.18%	+2.37%
Change	-1.17	-0.83	-0.54	-	+0.24	+0.81	+1.63
Level	Intermediate	Intermediate	Intermediate	-	Intermediate	Intermediate	Intermediate

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	65.83	67.16	67.85	69.18	69.87	71.20	71.89
Camarilla	67.99	68.17	68.36	68.54	68.73	68.91	69.10
Woodie	65.51	67.00	67.53	69.02	69.55	71.04	71.57
Fibonacci	67.16	67.93	68.41	69.18	69.95	70.43	71.20

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	63.14	65.51	66.75	69.12	70.36	72.73	73.97
Camarilla	67.01	67.34	67.67	68.00	68.33	68.66	68.99
Woodie	62.59	65.23	66.20	68.84	69.81	72.45	73.42
Fibonacci	65.51	66.89	67.74	69.12	70.50	71.35	72.73

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	59.17	62.89	65.44	69.16	71.71	75.43	77.98
Camarilla	66.28	66.85	67.43	68.00	68.58	69.15	69.72
Woodie	58.60	62.60	64.87	68.87	71.14	75.14	77.41
Fibonacci	62.89	65.28	66.76	69.16	71.55	73.03	75.43

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):	50.23
MACD (12,26,9):	-0.1700
Directional Movement:	-7.85
AROON (14):	7.15
DEMA (21):	68.58
Parabolic SAR (0,02-0,02-0,2):	67.98
Elder Ray (13):	0.20
Super Trend (3,10):	69.25
Zig ZAG (10):	68.84
VORTEX (21):	0.9200
Stochastique (14,3,5):	69.46
TEMA (21):	68.49
Williams %R (14):	-28.81
Chande Momentum Oscillator (20):	0.24
Repulse (5,40,3):	0.0200
ROCnROLL:	-1
TRIX (15,9):	-0.0500
Courbe Coppock:	0.22

MA7:	68.73
MA20:	68.90
MA50:	70.16
MA100:	70.93
MAexp7:	68.73
MAexp20:	68.84
MAexp50:	69.03
MAexp100:	69.05
Price / MA7:	+0.22%
Price / MA20:	-0.03%
Price / MA50:	-1.82%
Price / MA100:	-2.89%
Price / MAexp7:	+0.23%
Price / MAexp20:	+0.07%
Price / MAexp50:	-0.20%
Price / MAexp100:	-0.23%

Quotes : - 10 min delayed data - NYMEX Futures

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:

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

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