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 04/15/2024 (GMT)

Londinia

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Timeframe : 15 min.
- 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 86.19 USD

My targets

83.76 USD (-0.79%)

82.28 USD (-2.55%)

My analysis

WTI CRUDE OIL is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 86.19 USD. The next support located at 83.76 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 82.28 USD. Below this support, sellers could then target 79.69 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

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

Additional analysis

Quotes

The WTI CRUDE OIL price is 84.43 USD. On the day, this instrument lost -1.44% and was between 84.05 USD and 86.11 USD. This implies that the price is at +0.45% from its lowest and at -1.95% from its highest.

84.05

86.11

84.43

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

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

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of WTI CRUDE OIL in 15 min. 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 is currently detecting a bearish signal that could impact this trend:

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : 15 minutes

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

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 15 minutes

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : 15 minutes

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 15 minutes

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is under support 1

Type : Neutral

Timeframe : 15 minutes

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	76.99	79.69	84.16	84.43	84.84	85.41	86.20
Change (%)	-8.81%	-5.61%	-0.32%	-	+0.49%	+1.16%	+2.10%
Change	-7.44	-4.74	-0.27	-	+0.41	+0.98	+1.77
Level	Major	Minor	Intermediate	-	Major	Minor	Minor

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	82.28	83.76	84.71	86.19	87.14	88.62	89.57
Camarilla	84.99	85.22	85.44	85.66	85.88	86.11	86.33
Woodie	82.02	83.63	84.45	86.06	86.88	88.49	89.31
Fibonacci	83.76	84.69	85.26	86.19	87.12	87.69	88.62

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	81.13	82.84	84.25	85.96	87.37	89.08	90.49
Camarilla	84.80	85.09	85.37	85.66	85.95	86.23	86.52
Woodie	80.98	82.77	84.10	85.89	87.22	89.01	90.34
Fibonacci	82.84	84.03	84.77	85.96	87.15	87.89	89.08

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

Technical indicators

Moving averages

RSI (14):	34.54
MACD (12,26,9):	-0.1300
Directional Movement:	-15.20
AROON (14):	-35.71
DEMA (21):	84.66
Parabolic SAR (0,02-0,02-0,2):	85.24
Elder Ray (13):	-0.51
Super Trend (3,10):	85.21
Zig ZAG (10):	84.34
VORTEX (21):	0.9200
Stochastique (14,3,5):	14.31
TEMA (21):	84.61
Williams %R (14):	-82.44
Chande Momentum Oscillator (20):	-0.75
Repulse (5,40,3):	-0.6300
ROCnROLL:	2
TRIX (15,9):	-0.0100
Courbe Coppock:	0.89

MA7:	85.68
MA20:	83.82
MA50:	79.66
MA100:	75.71
MAexp7:	84.51
MAexp20:	84.78
MAexp50:	84.99
MAexp100:	85.27
Price / MA7:	-1.46%
Price / MA20:	+0.73%
Price / MA50:	+5.99%
Price / MA100:	+11.52%
Price / MAexp7:	-0.08%
Price / MAexp20:	-0.40%
Price / MAexp50:	-0.65%
Price / MAexp100:	-0.97%

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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