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 12/19/2024 (GMT)

Londinia

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Timeframe : 15 min.
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

72%

22%

My opinion

Bullish above 69.34 USD

My targets

70.07 USD (+0.11%)

70.75 USD (+1.09%)

My analysis

WTI CRUDE OIL is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 69.34 USD. The next resistance located at 70.07 USD is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 70.75 USD. After this resistance, buyers could then target 71.48 USD.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

5.4

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 rating is 69.99 USD. On the day, this instrument lost -0.04% with the lowest point at 69.28 USD and the highest point at 70.02 USD. The deviation from the price is +1.02% for the low point and -0.04% for the high point.

69.28

70.02

69.99

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

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 WTI CRUDE OIL in 15 min. shows an overall bullish trend. 64.29% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : 15 minutes

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

In fact, 13 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 15 minutes

Previous candle closed over Bollinger bands

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

The Central Indicators scanner found this result concerning these indicators:

Price is back under the pivot point

Type : Bearish

Timeframe : 15 minutes

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

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Bullish harami

Type : Bullish

Timeframe : 15 minutes

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	67.27	68.72	69.40	69.99	70.08	70.75	72.63
Change (%)	-3.89%	-1.81%	-0.84%	-	+0.13%	+1.09%	+3.77%
Change	-2.72	-1.27	-0.59	-	+0.09	+0.76	+2.64
Level	Intermediate	Major	Minor	-	Minor	Major	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	67.93	68.66	69.34	70.07	70.75	71.48	72.16
Camarilla	69.63	69.76	69.89	70.02	70.15	70.28	70.41
Woodie	67.91	68.65	69.32	70.06	70.73	71.47	72.14
Fibonacci	68.66	69.20	69.53	70.07	70.61	70.94	71.48

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	63.65	65.14	67.99	69.48	72.33	73.82	76.67
Camarilla	69.65	70.04	70.44	70.84	71.24	71.64	72.03
Woodie	64.33	65.48	68.67	69.82	73.01	74.16	77.35
Fibonacci	65.14	66.80	67.82	69.48	71.14	72.16	73.82

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	58.73	62.44	65.00	68.71	71.27	74.98	77.54
Camarilla	65.83	66.40	66.98	67.55	68.13	68.70	69.27
Woodie	58.15	62.15	64.42	68.42	70.69	74.69	76.96
Fibonacci	62.44	64.84	66.32	68.71	71.11	72.59	74.98

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):	58.78
MACD (12,26,9):	0.0300
Directional Movement:	12.11
AROON (14):	28.57
DEMA (21):	69.67
Parabolic SAR (0,02-0,02-0,2):	69.29
Elder Ray (13):	0.25
Super Trend (3,10):	69.43
Zig ZAG (10):	69.91
VORTEX (21):	1.0800
Stochastique (14,3,5):	83.52
TEMA (21):	69.80
Williams %R (14):	-9.72
Chande Momentum Oscillator (20):	0.16
Repulse (5,40,3):	0.2600
ROCnROLL:	1
TRIX (15,9):	0.0000
Courbe Coppock:	0.41

MA7:	70.02
MA20:	68.89
MA50:	69.27
MA100:	69.99
MAexp7:	69.78
MAexp20:	69.63
MAexp50:	69.67
MAexp100:	69.76
Price / MA7:	-0.04%
Price / MA20:	+1.60%
Price / MA50:	+1.04%
Price / MA100:	-0%
Price / MAexp7:	+0.30%
Price / MAexp20:	+0.52%
Price / MAexp50:	+0.46%
Price / MAexp100:	+0.33%

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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