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 03/21/2024 (GMT)

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

Summary of the analysis

Trends

Short term: Bearish

Underlying: Bearish

Technical indicators

22%

44%

33%

My opinion

Bearish under 81.81 USD

My targets

80.84 USD (-0.28%)

79.69 USD (-1.70%)

My analysis

All elements being rather 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 81.81 USD. The next bearish objective for sellers is set at 80.84 USD. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 79.69 USD. If there is any crossing, the next objective would be the support located at 78.14 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

3.9

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

Additional analysis

Quotes

WTI CRUDE OIL rating 81.07 USD. On the day, this instrument lost -0.25% with the lowest point at 80.68 USD and the highest point at 81.92 USD. The deviation from the price is +0.48% for the low point and -1.04% for the high point.

80.68

81.92

81.07

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

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 Central Records scanner for higher/lower results shows the following items:

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 WTI CRUDE OIL in 1H shows an overall bearish trend. 67.86% of the signals given by moving averages are bearish. The overall trend seems to be showing some signs of weakness, as do the tentative bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 6 are neutral and 8 are bearish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.

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

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	78.14	79.69	80.84	81.07	81.81	83.12	84.16
Change (%)	-3.61%	-1.70%	-0.28%	-	+0.91%	+2.53%	+3.81%
Change	-2.93	-1.38	-0.23	-	+0.74	+2.05	+3.09
Level	Minor	Intermediate	Major	-	Minor	Major	Minor

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	78.70	79.76	80.52	81.58	82.34	83.40	84.16
Camarilla	80.77	80.94	81.10	81.27	81.44	81.60	81.77
Woodie	78.54	79.69	80.36	81.51	82.18	83.33	84.00
Fibonacci	79.76	80.46	80.89	81.58	82.28	82.71	83.40

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	72.60	74.41	77.43	79.24	82.26	84.07	87.09
Camarilla	79.13	79.58	80.02	80.46	80.90	81.35	81.79
Woodie	73.22	74.71	78.05	79.54	82.88	84.37	87.71
Fibonacci	74.41	76.25	77.39	79.24	81.08	82.22	84.07

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	62.32	66.08	72.74	76.50	83.16	86.92	93.58
Camarilla	76.53	77.48	78.44	79.39	80.35	81.30	82.26
Woodie	63.76	66.81	74.18	77.23	84.60	87.65	95.02
Fibonacci	66.08	70.06	72.52	76.50	80.48	82.94	86.92

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):	39.23
MACD (12,26,9):	-0.2200
Directional Movement:	-13.18
AROON (14):	-21.42
DEMA (21):	81.13
Parabolic SAR (0,02-0,02-0,2):	81.74
Elder Ray (13):	-0.16
Super Trend (3,10):	81.81
Zig ZAG (10):	81.08
VORTEX (21):	0.9700
Stochastique (14,3,5):	23.12
TEMA (21):	81.01
Williams %R (14):	-72.58
Chande Momentum Oscillator (20):	-0.68
Repulse (5,40,3):	-0.1900
ROCnROLL:	2
TRIX (15,9):	-0.0300
Courbe Coppock:	0.80

MA7:	81.07
MA20:	78.90
MA50:	76.02
MA100:	74.46
MAexp7:	81.15
MAexp20:	81.39
MAexp50:	81.59
MAexp100:	81.29
Price / MA7:	-0%
Price / MA20:	+2.75%
Price / MA50:	+6.64%
Price / MA100:	+8.88%
Price / MAexp7:	-0.10%
Price / MAexp20:	-0.39%
Price / MAexp50:	-0.64%
Price / MAexp100:	-0.27%

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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