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: Strongly bearish

Underlying: Strongly bearish

Technical indicators

11%

72%

17%

My opinion

Bearish under 71.54 USD

My targets

70.67 USD (-0.84%)

70.14 USD (-1.59%)

My analysis

The bearish trend is currently very strong for WTI CRUDE OIL. As long as the price remains below the resistance at 71.54 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 70.67 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 70.14 USD as an objective. Crossing it would then enable sellers to target 66.04 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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 bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.

Force

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

The WTI CRUDE OIL price is 71.27 USD. On the day, this instrument lost -1.97% and was traded between 70.96 USD and 72.97 USD over the period. The price is currently at +0.44% from its lowest and -2.33% from its highest.

70.96

72.97

71.27

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

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of WTI CRUDE OIL in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a strong bearish signal.
The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

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

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	66.04	70.14	70.67	71.27	71.54	72.00	73.34
Change (%)	-7.34%	-1.59%	-0.84%	-	+0.38%	+1.02%	+2.90%
Change	-5.23	-1.13	-0.60	-	+0.27	+0.73	+2.07
Level	Major	Minor	Intermediate	-	Minor	Major	Intermediate

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

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

Technical indicators

Moving averages

RSI (14):	33.40
MACD (12,26,9):	-0.3500
Directional Movement:	-18.02
AROON (14):	-92.86
DEMA (21):	71.46
Parabolic SAR (0,02-0,02-0,2):	72.22
Elder Ray (13):	-0.59
Super Trend (3,10):	72.23
Zig ZAG (10):	71.12
VORTEX (21):	0.7800
Stochastique (14,3,5):	9.38
TEMA (21):	71.24
Williams %R (14):	-92.18
Chande Momentum Oscillator (20):	-1.48
Repulse (5,40,3):	-0.4300
ROCnROLL:	2
TRIX (15,9):	-0.0400
Courbe Coppock:	3.13

MA7:	72.66
MA20:	74.89
MA50:	71.57
MA100:	70.40
MAexp7:	71.39
MAexp20:	71.85
MAexp50:	72.26
MAexp100:	72.64
Price / MA7:	-1.91%
Price / MA20:	-4.83%
Price / MA50:	-0.42%
Price / MA100:	+1.24%
Price / MAexp7:	-0.17%
Price / MAexp20:	-0.81%
Price / MAexp50:	-1.37%
Price / MAexp100:	-1.89%

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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