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 12/12/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Bullish

Underlying: Slightly bullish

Technical indicators

56%

39%

My opinion

Bullish above 69.75 USD

My targets

71.07 USD (+1.34%)

71.84 USD (+2.44%)

My analysis

The basic trend is currently slightly bullish on WTI CRUDE OIL and the short term does not seem to show any sign of improvement. Buyers are struggling to get their hands on this instrument. However, as long as the price remains above 69.75 USD, purchases could be favourable. The first bullish objective would be the resistance located at 71.07 USD. Then the price could move towards 71.84 USD. Then 73.16 USD by extension. A return under the support to 69.75 USD could jeopardize this fragile bullish trend. Indecision would then be total and in this case you could keep away.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

4.1

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

The WTI CRUDE OIL price is 70.13 USD. The price is lower by -0.23% since the last closing with the lowest point at 69.14 USD and the highest point at 70.72 USD. The deviation from the price is +1.43% for the low point and -0.83% for the high point.

69.14

70.72

70.13

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

The Central Records scanner for higher/lower results shows an item:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 15 min. chart of WTI CRUDE OIL indicates that the overall trend is slightly bullish. 60.71% of the signals given by moving averages are bullish. The slightly bullish signals given by short-term moving averages do not show a strengthening of this global trend. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 15 minutes

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 15 minutes

Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : 15 minutes

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 15 minutes

In fact, 10 technical indicators on 18 studied are currently bullish. The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 1

Type : Neutral

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	68.34	69.14	69.94	70.13	70.23	70.52	71.20
Change (%)	-2.55%	-1.41%	-0.27%	-	+0.14%	+0.56%	+1.53%
Change	-1.79	-0.99	-0.19	-	+0.10	+0.39	+1.07
Level	Minor	Minor	Minor	-	Minor	Intermediate	Intermediate

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	66.89	67.66	68.98	69.75	71.07	71.84	73.16
Camarilla	69.72	69.91	70.10	70.29	70.48	70.67	70.87
Woodie	67.16	67.80	69.25	69.89	71.34	71.98	73.43
Fibonacci	67.66	68.46	68.96	69.75	70.55	71.05	71.84

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	62.42	64.70	65.95	68.23	69.48	71.76	73.01
Camarilla	66.23	66.55	66.88	67.20	67.52	67.85	68.17
Woodie	61.91	64.44	65.44	67.97	68.97	71.50	72.50
Fibonacci	64.70	66.05	66.88	68.23	69.58	70.41	71.76

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	56.71
MACD (12,26,9):	0.0500
Directional Movement:	6.61
AROON (14):	14.29
DEMA (21):	70.14
Parabolic SAR (0,02-0,02-0,2):	69.90
Elder Ray (13):	0.10
Super Trend (3,10):	69.63
Zig ZAG (10):	70.26
VORTEX (21):	1.1900
Stochastique (14,3,5):	61.06
TEMA (21):	70.26
Williams %R (14):	-50.00
Chande Momentum Oscillator (20):	-0.08
Repulse (5,40,3):	0.0600
ROCnROLL:	1
TRIX (15,9):	0.0100
Courbe Coppock:	1.11

MA7:	68.79
MA20:	68.92
MA50:	70.09
MA100:	70.60
MAexp7:	70.19
MAexp20:	70.09
MAexp50:	70.10
MAexp100:	70.03
Price / MA7:	+1.95%
Price / MA20:	+1.76%
Price / MA50:	+0.06%
Price / MA100:	-0.67%
Price / MAexp7:	-0.09%
Price / MAexp20:	+0.06%
Price / MAexp50:	+0.04%
Price / MAexp100:	+0.14%

Quotes : - 10 min delayed data - NYMEX Futures

News

The last news published on WTI CRUDE OIL at the time of the generation of this analysis was as follows:

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

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