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 - Daily - Technical analysis published on 12/30/2024 (GMT)

Timeframe : Daily
- Analysis generated on
Status : IN PROGRESS...

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

78%

22%

My opinion

Bullish above

My targets

()

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 . The next resistance located at 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 . After this resistance, buyers could then target .

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

6.1

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

Additional analysis

Quotes

WTI CRUDE OIL rating 70.64 USD. On the day, this instrument gained +0.06% and was traded between 70.12 USD and 70.75 USD over the period. The price is currently at +0.74% from its lowest and -0.16% from its highest.

70.12

70.75

70.64

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

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

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of WTI CRUDE OIL in Daily shows an overall bullish trend. 67.86% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

The analysis of the price chart with Central Patterns scanners does not return any result.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	62.68	66.68	67.89	70.64	70.82	72.63	74.47
Change (%)	-11.27%	-5.61%	-3.89%	-	+0.25%	+2.82%	+5.42%
Change	-7.96	-3.96	-2.75	-	+0.18	+1.99	+3.83
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	68.47	68.95	69.78	70.26	71.09	71.57	72.40
Camarilla	70.24	70.36	70.48	70.60	70.72	70.84	70.96
Woodie	68.64	69.04	69.95	70.35	71.26	71.66	72.57
Fibonacci	68.95	69.45	69.76	70.26	70.76	71.07	71.57

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	67.05	67.82	69.21	69.98	71.37	72.14	73.53
Camarilla	70.01	70.20	70.40	70.60	70.80	71.00	71.19
Woodie	67.36	67.98	69.52	70.14	71.68	72.30	73.84
Fibonacci	67.82	68.65	69.16	69.98	70.81	71.32	72.14

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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	56.46
MACD (12,26,9):	0.3700
Directional Movement:	-2.68
AROON (14):	28.57
DEMA (21):	70.00
Parabolic SAR (0,02-0,02-0,2):	68.72
Elder Ray (13):	0.61
Super Trend (3,10):	66.47
Zig ZAG (10):	70.61
VORTEX (21):	1.0800
Stochastique (14,3,5):	81.81
TEMA (21):	70.42
Williams %R (14):	-12.67
Chande Momentum Oscillator (20):	1.04
Repulse (5,40,3):	1.3300
ROCnROLL:	1
TRIX (15,9):	0.0500
Courbe Coppock:	4.69

MA7:	69.97
MA20:	69.38
MA50:	69.17
MA100:	69.82
MAexp7:	70.12
MAexp20:	69.60
MAexp50:	69.51
MAexp100:	70.09
Price / MA7:	+0.96%
Price / MA20:	+1.82%
Price / MA50:	+2.13%
Price / MA100:	+1.17%
Price / MAexp7:	+0.74%
Price / MAexp20:	+1.49%
Price / MAexp50:	+1.63%
Price / MAexp100:	+0.78%

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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