WTI CRUDE OIL - 15 min. - Technical analysis published on 04/22/2024 (GMT)
- 95
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 82.60 USD
My targets
80.06 USD (-2.14%)
78.13 USD (-4.50%)
My analysis
In the short term, we can see an acceleration in the bearish trend on WTI CRUDE OIL, which is a positive signal for sellers. As long as the price remains above 82.60 USD, a sale could be considered. The first bearish objective is located at 80.06 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 78.13 USD as an objective. Crossing it would then enable sellers to target 75.59 USD. If the price were to return above 82.60 USD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
5.5
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 81.81 USD. The price registered a decrease of -0.50% on the session with the lowest point at 81.65 USD and the highest point at 82.11 USD. The deviation from the price is +0.20% for the low point and -0.37% for the high point.81.65
82.11
81.81
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of WTI CRUDE OIL in 15 min. shows an overall bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 12 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
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
White gravestone / inverted hammer
Type : Neutral
Timeframe : 15 minutes
Doji
Type : Neutral
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 80.42 | 80.91 | 81.41 | 81.81 | 83.02 | 83.97 | 85.04 |
| Change (%) | -1.70% | -1.10% | -0.49% | - | +1.48% | +2.64% | +3.95% |
| Change | -1.39 | -0.90 | -0.40 | - | +1.21 | +2.16 | +3.23 |
| Level | Major | Minor | Intermediate | - | Intermediate | Minor | Intermediate |
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 | 75.59 | 78.13 | 80.06 | 82.60 | 84.53 | 87.07 | 89.00 |
| Camarilla | 80.77 | 81.18 | 81.59 | 82.00 | 82.41 | 82.82 | 83.23 |
| Woodie | 75.30 | 77.98 | 79.77 | 82.45 | 84.24 | 86.92 | 88.71 |
| Fibonacci | 78.13 | 79.83 | 80.89 | 82.60 | 84.30 | 85.36 | 87.07 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 75.19 | 77.81 | 79.90 | 82.52 | 84.61 | 87.23 | 89.32 |
| Camarilla | 80.71 | 81.14 | 81.57 | 82.00 | 82.43 | 82.86 | 83.30 |
| Woodie | 74.94 | 77.68 | 79.65 | 82.39 | 84.36 | 87.10 | 89.07 |
| Fibonacci | 77.81 | 79.61 | 80.72 | 82.52 | 84.32 | 85.43 | 87.23 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 69.03 | 72.05 | 77.31 | 80.33 | 85.59 | 88.61 | 93.87 |
| Camarilla | 80.29 | 81.05 | 81.81 | 82.57 | 83.33 | 84.09 | 84.85 |
| Woodie | 70.15 | 72.61 | 78.43 | 80.89 | 86.71 | 89.17 | 94.99 |
| Fibonacci | 72.05 | 75.21 | 77.17 | 80.33 | 83.49 | 85.45 | 88.61 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 40.82 | |
| MACD (12,26,9): | -0.0500 | |
| Directional Movement: | -16.07 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 81.95 | |
| Parabolic SAR (0,02-0,02-0,2): | 82.08 | |
| Elder Ray (13): | -0.21 | |
| Super Trend (3,10): | 81.66 | |
| Zig ZAG (10): | 81.73 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 16.41 | |
| TEMA (21): | 81.84 | |
| Williams %R (14): | -80.00 | |
| Chande Momentum Oscillator (20): | -0.42 | |
| Repulse (5,40,3): | -0.1000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.67 |
| MA7: | 82.85 | |
| MA20: | 83.19 | |
| MA50: | 79.57 | |
| MA100: | 75.01 | |
| MAexp7: | 81.86 | |
| MAexp20: | 81.98 | |
| MAexp50: | 82.00 | |
| MAexp100: | 82.04 | |
| Price / MA7: | -1.26% | |
| Price / MA20: | -1.66% | |
| Price / MA50: | +2.82% | |
| Price / MA100: | +9.07% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | -0.21% | |
| Price / MAexp50: | -0.23% | |
| Price / MAexp100: | -0.28% |
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:
-
Technical Analysis: 04/04/2024 - WTI futures surge to a 5-month high
-
Technical Analysis: 28/03/2024 - WTI oil futures in fierce battle with 50.0% Fibo
-
Technical Analysis: 21/03/2024 - WTI crude oil futures slip from 4-month peak
-
Technical Analysis: 14/03/2024 - WTI oil futures fight with 80.80 bar
-
Technical Analysis: 08/03/2024 - WTI oil futures in fierce battle with 50.0% Fibo
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis WTI CRUDE OIL - 15 min.