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 - 1H - Technical analysis published on 02/05/2025 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Bearish

Technical indicators

33%

My opinion

Bearish under 73.34 USD

My targets

72.00 USD (-0.94%)

71.54 USD (-1.57%)

My analysis

In a bearish trend, the price of WTI CRUDE OIL tries to inflate a little with a slight short-term rebound. At this stage, no trend reversal is in sight. Globally, sellers have the upper hand. Traders may allow themselves to trade short positions (for sale) as long as the price remains below the resistance located at 73.34 USD. A bearish break in the support located at 72.00 USD would revive the bearish momentum and fuel the basic trend. Then the price could move towards 71.54 USD. Then 70.67 USD by extension. It would be safer to wait for a bearish break in the support located at 72.00 USD before allowing yourself to re trade short positions (for sale) on WTI CRUDE OIL. PS: if there is a bullish break in the resistance located at 73.34 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

2.1

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

Additional analysis

Quotes

The WTI CRUDE OIL rating is 72.68 USD. On the day, this instrument lost -0.03% and was traded between 72.36 USD and 72.97 USD over the period. The price is currently at +0.44% from its lowest and -0.40% from its highest.

72.36

72.97

72.68

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

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

Technical

Technical analysis of WTI CRUDE OIL in 1H shows an overall bearish trend. The signals given by moving averages are at 71.43% bearish. This bearish trend could slow down given the slightly bullish signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

On the 18 technical indicators analysed, 6 are bullish, 6 are neutral and 6 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	70.67	71.54	72.00	72.68	73.34	74.05	75.55
Change (%)	-2.77%	-1.57%	-0.94%	-	+0.91%	+1.88%	+3.95%
Change	-2.01	-1.14	-0.68	-	+0.66	+1.37	+2.87
Level	Intermediate	Minor	Major	-	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
Standard	68.45	69.56	71.13	72.24	73.81	74.92	76.49
Camarilla	71.96	72.21	72.45	72.70	72.95	73.19	73.44
Woodie	68.68	69.68	71.36	72.36	74.04	75.04	76.72
Fibonacci	69.56	70.58	71.22	72.24	73.26	73.90	74.92

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	68.05	70.00	71.26	73.21	74.47	76.42	77.68
Camarilla	71.65	71.94	72.24	72.53	72.82	73.12	73.41
Woodie	67.72	69.83	70.93	73.04	74.14	76.25	77.35
Fibonacci	70.00	71.22	71.98	73.21	74.43	75.19	76.42

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	60.10	65.63	69.08	74.61	78.06	83.59	87.04
Camarilla	70.06	70.88	71.71	72.53	73.35	74.18	75.00
Woodie	59.06	65.11	68.04	74.09	77.02	83.07	86.00
Fibonacci	65.63	69.06	71.18	74.61	78.04	80.16	83.59

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

Moving averages

RSI (14):	48.81
MACD (12,26,9):	0.0100
Directional Movement:	-2.93
AROON (14):	7.15
DEMA (21):	72.48
Parabolic SAR (0,02-0,02-0,2):	71.64
Elder Ray (13):	-0.07
Super Trend (3,10):	71.31
Zig ZAG (10):	72.44
VORTEX (21):	1.0600
Stochastique (14,3,5):	51.41
TEMA (21):	72.58
Williams %R (14):	-78.15
Chande Momentum Oscillator (20):	-0.49
Repulse (5,40,3):	-0.1700
ROCnROLL:	2
TRIX (15,9):	0.0000
Courbe Coppock:	1.29

MA7:	72.85
MA20:	74.95
MA50:	71.60
MA100:	70.41
MAexp7:	72.51
MAexp20:	72.50
MAexp50:	72.64
MAexp100:	72.92
Price / MA7:	-0.23%
Price / MA20:	-3.03%
Price / MA50:	+1.51%
Price / MA100:	+3.22%
Price / MAexp7:	+0.23%
Price / MAexp20:	+0.25%
Price / MAexp50:	+0.06%
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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