WTI CRUDE OIL - 1H - Technical analysis published on 01/10/2025 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 73.14 USD
My targets
74.47 USD (+0.31%)
75.29 USD (+1.41%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on WTI CRUDE OIL. This is a positive signal for buyers. As long as the price remains above 73.14 USD, a purchase could be considered. The first bullish objective is located at 74.47 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 75.29 USD as an objective. Crossing it would then enable buyers to target 76.18 USD. In the event of a return below 73.14 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
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
0
10
7
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Additional analysis
Quotes
WTI CRUDE OIL rating 74.24 USD. The price registered an increase of +0.43% on the session with the lowest point at 74.19 USD and the highest point at 74.30 USD. The deviation from the price is +0.07% for the low point and -0.08% for the high point.74.19
74.30
74.24
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of WTI CRUDE OIL in 1H shows an overall bullish trend. 78.57% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a strong bullish signal.
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.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 71.76 | 72.63 | 73.14 | 74.24 | 74.47 | 75.29 | 76.18 |
Change (%) | -3.34% | -2.17% | -1.48% | - | +0.31% | +1.41% | +2.61% |
Change | -2.48 | -1.61 | -1.10 | - | +0.23 | +1.05 | +1.94 |
Level | Intermediate | Minor | Major | - | Intermediate | Minor | 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 | 71.83 | 72.34 | 73.31 | 73.82 | 74.79 | 75.30 | 76.27 |
Camarilla | 73.88 | 74.02 | 74.15 | 74.29 | 74.43 | 74.56 | 74.70 |
Woodie | 72.07 | 72.46 | 73.55 | 73.94 | 75.03 | 75.42 | 76.51 |
Fibonacci | 72.34 | 72.90 | 73.25 | 73.82 | 74.38 | 74.73 | 75.30 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 67.04 | 68.58 | 71.27 | 72.81 | 75.50 | 77.04 | 79.73 |
Camarilla | 72.80 | 73.19 | 73.57 | 73.96 | 74.35 | 74.74 | 75.12 |
Woodie | 67.62 | 68.87 | 71.85 | 73.10 | 76.08 | 77.33 | 80.31 |
Fibonacci | 68.58 | 70.20 | 71.19 | 72.81 | 74.43 | 75.42 | 77.04 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 62.67 | 64.60 | 68.16 | 70.09 | 73.65 | 75.58 | 79.14 |
Camarilla | 70.21 | 70.71 | 71.22 | 71.72 | 72.22 | 72.73 | 73.23 |
Woodie | 63.49 | 65.01 | 68.98 | 70.50 | 74.47 | 75.99 | 79.96 |
Fibonacci | 64.60 | 66.70 | 67.99 | 70.09 | 72.19 | 73.48 | 75.58 |
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): | 62.34 | |
MACD (12,26,9): | 0.1600 | |
Directional Movement: | 6.87 | |
AROON (14): | 85.71 | |
DEMA (21): | 74.07 | |
Parabolic SAR (0,02-0,02-0,2): | 74.03 | |
Elder Ray (13): | 0.22 | |
Super Trend (3,10): | 73.49 | |
Zig ZAG (10): | 74.24 | |
VORTEX (21): | 1.2300 | |
Stochastique (14,3,5): | 95.04 | |
TEMA (21): | 74.29 | |
Williams %R (14): | -6.67 | |
Chande Momentum Oscillator (20): | 0.77 | |
Repulse (5,40,3): | 0.1800 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0100 | |
Courbe Coppock: | 2.47 |
MA7: | 73.82 | |
MA20: | 71.44 | |
MA50: | 69.88 | |
MA100: | 69.89 | |
MAexp7: | 74.17 | |
MAexp20: | 73.92 | |
MAexp50: | 73.85 | |
MAexp100: | 73.63 | |
Price / MA7: | +0.57% | |
Price / MA20: | +3.92% | |
Price / MA50: | +6.24% | |
Price / MA100: | +6.22% | |
Price / MAexp7: | +0.09% | |
Price / MAexp20: | +0.43% | |
Price / MAexp50: | +0.53% | |
Price / MAexp100: | +0.83% |
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:
-
Yearly Technical Outlook 2025: Gold, WTI crude oil, US 500
-
Technical Analysis on US Dollar index, Gold, WTI
-
WTI Crude Oil Forecast November 21, 2024
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WTI Crude Oil Forecast November 8, 2024
-
Trade of the week: short WTI crude oil
This member declared not having a position on this financial instrument or a related financial instrument.
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