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 02/06/2025 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

67%

28%

My opinion

Bearish under 72.00 USD

My targets

70.14 USD (-0.60%)

67.26 USD (-4.68%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on WTI CRUDE OIL as long as the price remains well below 72.00 USD. The sellers' bearish objective is set at 70.14 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 67.26 USD. In case of crossing, the next objective would be the support located at 66.04 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

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 rating is 70.56 USD. The price registered a decrease of -0.66% on the session and was between 70.43 USD and 71.85 USD. This implies that the price is at +0.18% from its lowest and at -1.80% from its highest.

70.43

71.85

70.56

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

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

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

New LOW record (1st january)

Type : Bearish

Timeframe : Weekly

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. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 12 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

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 which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	66.04	67.26	70.14	70.56	70.67	72.00	73.34
Change (%)	-6.41%	-4.68%	-0.60%	-	+0.16%	+2.04%	+3.94%
Change	-4.52	-3.30	-0.42	-	+0.11	+1.44	+2.78
Level	Major	Minor	Minor	-	Intermediate	Major	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	68.33	69.64	70.34	71.65	72.35	73.66	74.36
Camarilla	70.48	70.66	70.85	71.03	71.21	71.40	71.58
Woodie	68.02	69.49	70.03	71.50	72.04	73.51	74.05
Fibonacci	69.64	70.41	70.89	71.65	72.42	72.90	73.66

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	36.04
MACD (12,26,9):	-0.2300
Directional Movement:	-16.47
AROON (14):	-21.43
DEMA (21):	70.92
Parabolic SAR (0,02-0,02-0,2):	71.82
Elder Ray (13):	-0.46
Super Trend (3,10):	71.81
Zig ZAG (10):	70.44
VORTEX (21):	0.9000
Stochastique (14,3,5):	4.20
TEMA (21):	70.79
Williams %R (14):	-94.37
Chande Momentum Oscillator (20):	-0.67
Repulse (5,40,3):	-0.8000
ROCnROLL:	2
TRIX (15,9):	-0.0400
Courbe Coppock:	0.96

MA7:	72.19
MA20:	74.74
MA50:	71.63
MA100:	70.42
MAexp7:	70.84
MAexp20:	71.21
MAexp50:	71.63
MAexp100:	72.12
Price / MA7:	-2.26%
Price / MA20:	-5.59%
Price / MA50:	-1.49%
Price / MA100:	+0.20%
Price / MAexp7:	-0.40%
Price / MAexp20:	-0.91%
Price / MAexp50:	-1.49%
Price / MAexp100:	-2.16%

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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