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WTI CRUDE OIL
WTI CRUDE OIL
65.55 USD (-2.09%)
04/04/2025 - 07:27 Open 10 min delayed data - NYMEX Futures
Open: 66.64
Change: -1.40
Volume: 29,122
Low: 65.48
High: 66.90
High / Low range: 1.42
Type: Commodities
Ticker: WBS
ISIN:

WTI CRUDE OIL - Daily - Technical analysis published on 01/12/2025 (GMT)

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  • 01/12/2025 - 23:28
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  • Timeframe : Daily
  • - Analysis generated on 01/12/2025 - 23:28
  • Status : INVALID

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 76.18 USD
My targets
79.44 USD (+2.28%)
83.60 USD (+7.63%)
My analysis
The bullish trend is currently very strong on WTI CRUDE OIL. As long as the price remains above the support at 76.18 USD, you could try to benefit from the boom. The first bullish objective is located at 79.44 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 83.60 USD as an objective. Crossing it would then enable buyers to target 106.08 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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
0
10
9.1

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.

shachafk
This analysis was given by shachafk. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The WTI CRUDE OIL price is 77.67 USD. The price has increased by +1.44% since the last closing and was between 76.54 USD and 77.77 USD. This implies that the price is at +1.48% from its lowest and at -0.13% from its highest.

76.54
77.77
77.67

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

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
Created with Raphaël 2.3.0-7.507.515January 1st3 years1 year6 months1 month5 daysToday
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this Daily chart of WTI CRUDE OIL indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Central Indicators

Moving Average bullish crossovers : MA50 & MA100

Type : Bullish

Timeframe : Daily



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

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily


CCI indicator: bearish divergence

Type : Bearish

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found no further results concerning independent 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
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 70.79 72.63 76.18 77.67 78.10 79.44 83.60
Change (%) -8.86% -6.49% -1.92% - +0.55% +2.28% +7.63%
Change -6.88 -5.04 -1.49 - +0.43 +1.77 +5.93
Level Intermediate Intermediate Minor - Intermediate Intermediate Major



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
Standard70.6072.3174.4476.1578.2879.9982.12
Camarilla75.5175.8776.2276.5776.9277.2777.63
Woodie70.8172.4274.6576.2678.4980.1082.33
Fibonacci72.3173.7874.6876.1577.6278.5279.99


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard68.6370.7473.6575.7678.6780.7883.69
Camarilla75.1975.6576.1176.5777.0377.4977.95
Woodie69.0470.9474.0675.9679.0880.9884.10
Fibonacci70.7472.6573.8475.7677.6778.8680.78


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard62.6764.6068.1670.0973.6575.5879.14
Camarilla70.2170.7171.2271.7272.2272.7373.23
Woodie63.4965.0168.9870.5074.4775.9979.96
Fibonacci64.6066.7067.9970.0972.1973.4875.58

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
Created with Raphaël 2.3.0Buy17
Moving averages
Created with Raphaël 2.3.0Buy26

RSI (14): 72.37
MACD (12,26,9): 1.4900
Directional Movement: 25.59
AROON (14): 100.00
DEMA (21): 73.78
Parabolic SAR (0,02-0,02-0,2): 72.84
Elder Ray (13): 3.20
Super Trend (3,10): 71.90
Zig ZAG (10): 77.34
VORTEX (21): 1.2300
Stochastique (14,3,5): 87.07
TEMA (21): 75.83
Williams %R (14): -4.81
Chande Momentum Oscillator (20): 7.32
Repulse (5,40,3): 3.7600
ROCnROLL: 1
TRIX (15,9): 0.2400
Courbe Coppock: 14.53
MA7: 74.74
MA20: 71.54
MA50: 69.92
MA100: 69.91
MAexp7: 74.91
MAexp20: 72.06
MAexp50: 70.72
MAexp100: 70.68
Price / MA7: +3.92%
Price / MA20: +8.57%
Price / MA50: +11.08%
Price / MA100: +11.10%
Price / MAexp7: +3.68%
Price / MAexp20: +7.79%
Price / MAexp50: +9.83%
Price / MAexp100: +9.89%

Quotes : 01/12/2025 - 23:17 - 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.

About author

Londinia
Londinia AI

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