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 - 15 min. - Technical analysis published on 04/09/2024 (GMT)

Londinia

I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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Timeframe : 15 min.
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

11%

44%

My opinion

Bullish above 86.07 USD

My targets

87.46 USD (+1.02%)

88.48 USD (+2.21%)

My analysis

Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 86.07 USD remains possible. It is advisable to trade WTI CRUDE OIL with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 86.07 USD. The next bullish objective for buyers is set at 87.46 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 88.48 USD. If there is any crossing, the next objective would be the resistance located at 89.87 USD. PS: if there is a bearish break in the support located at 86.07 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

In the very short term, the general bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.

Force

1.4

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

Additional analysis

Quotes

The WTI CRUDE OIL price is 86.57 USD. The price has increased by +0.16% since the last closing with the lowest point at 86.49 USD and the highest point at 86.94 USD. The deviation from the price is +0.09% for the low point and -0.43% for the high point.

86.49

86.94

86.57

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:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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 15 min. shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 15 minutes

In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 15 minutes

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 15 minutes

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	81.54	82.73	85.43	86.57	87.19	90.79	119.11
Change (%)	-5.81%	-4.44%	-1.32%	-	+0.72%	+4.87%	+37.59%
Change	-5.03	-3.84	-1.14	-	+0.62	+4.22	+32.54
Level	Minor	Major	Major	-	Major	Major	Major

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	82.64	83.66	85.05	86.07	87.46	88.48	89.87
Camarilla	85.77	85.99	86.21	86.43	86.65	86.87	87.09
Woodie	82.82	83.75	85.23	86.16	87.64	88.57	90.05
Fibonacci	83.66	84.58	85.15	86.07	86.99	87.56	88.48

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	78.77	80.68	83.80	85.71	88.83	90.74	93.86
Camarilla	85.53	85.99	86.45	86.91	87.37	87.83	88.29
Woodie	79.37	80.98	84.40	86.01	89.43	91.04	94.46
Fibonacci	80.68	82.61	83.79	85.71	87.64	88.82	90.74

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	70.17	73.19	78.45	81.47	86.73	89.75	95.01
Camarilla	81.43	82.19	82.95	83.71	84.47	85.23	85.99
Woodie	71.29	73.75	79.57	82.03	87.85	90.31	96.13
Fibonacci	73.19	76.35	78.31	81.47	84.63	86.59	89.75

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):	49.97
MACD (12,26,9):	0.0200
Directional Movement:	-1.49
AROON (14):	-42.86
DEMA (21):	86.67
Parabolic SAR (0,02-0,02-0,2):	86.66
Elder Ray (13):	-0.03
Super Trend (3,10):	86.87
Zig ZAG (10):	86.58
VORTEX (21):	0.9600
Stochastique (14,3,5):	26.92
TEMA (21):	86.59
Williams %R (14):	-80.77
Chande Momentum Oscillator (20):	-0.10
Repulse (5,40,3):	-0.0500
ROCnROLL:	-1
TRIX (15,9):	0.0100
Courbe Coppock:	0.28

MA7:	85.83
MA20:	82.70
MA50:	78.73
MA100:	75.34
MAexp7:	86.61
MAexp20:	86.64
MAexp50:	86.53
MAexp100:	86.40
Price / MA7:	+0.86%
Price / MA20:	+4.68%
Price / MA50:	+9.96%
Price / MA100:	+14.91%
Price / MAexp7:	-0.05%
Price / MAexp20:	-0.08%
Price / MAexp50:	+0.05%
Price / MAexp100:	+0.20%

Quotes : - 10 min delayed data - NYMEX Futures

News

Don't forget to follow the news on WTI CRUDE OIL. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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