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 04/30/2024 (GMT)

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Timeframe : 15 min.
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

72%

28%

My opinion

Bullish above 82.05 USD

My targets

82.98 USD (+0.11%)

83.56 USD (+0.81%)

My analysis

In the short term, there could be an acceleration of the basic bullish trend on WTI CRUDE OIL. This is a positive signal for buyers. As long as the price remains above 82.05 USD, a purchase could be considered. The first bullish objective is located at 82.98 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 83.56 USD as an objective. Crossing it would then enable buyers to target 84.49 USD. In the event of a return below 82.05 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

5.9

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

Additional analysis

Quotes

The WTI CRUDE OIL rating is 82.89 USD. The price has increased by +0.32% since the last closing with the lowest point at 82.27 USD and the highest point at 83.11 USD. The deviation from the price is +0.75% for the low point and -0.26% for the high point.

82.27

83.11

82.89

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 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 this 15 min. chart of WTI CRUDE OIL indicates that the overall trend is bullish. 67.86% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish 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, 13 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator: bearish divergence

Type : Bearish

Timeframe : 15 minutes

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 15 minutes

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.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	81.56	81.99	82.43	82.89	82.97	83.71	84.46
Change (%)	-1.60%	-1.09%	-0.55%	-	+0.10%	+0.99%	+1.89%
Change	-1.33	-0.90	-0.46	-	+0.08	+0.82	+1.57
Level	Major	Intermediate	Intermediate	-	Intermediate	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	80.54	81.47	82.05	82.98	83.56	84.49	85.07
Camarilla	82.22	82.35	82.49	82.63	82.77	82.91	83.05
Woodie	80.37	81.38	81.88	82.89	83.39	84.40	84.90
Fibonacci	81.47	82.05	82.40	82.98	83.56	83.91	84.49

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	77.79	79.24	81.55	83.00	85.31	86.76	89.07
Camarilla	82.82	83.16	83.51	83.85	84.20	84.54	84.88
Woodie	78.21	79.46	81.97	83.22	85.73	86.98	89.49
Fibonacci	79.24	80.68	81.57	83.00	84.44	85.33	86.76

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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	68.29
MACD (12,26,9):	0.1100
Directional Movement:	16.16
AROON (14):	92.86
DEMA (21):	82.95
Parabolic SAR (0,02-0,02-0,2):	82.76
Elder Ray (13):	0.18
Super Trend (3,10):	82.68
Zig ZAG (10):	83.03
VORTEX (21):	1.2300
Stochastique (14,3,5):	93.74
TEMA (21):	83.03
Williams %R (14):	-20.00
Chande Momentum Oscillator (20):	0.22
Repulse (5,40,3):	0.0600
ROCnROLL:	1
TRIX (15,9):	0.0200
Courbe Coppock:	0.57

MA7:	83.00
MA20:	83.65
MA50:	80.53
MA100:	75.82
MAexp7:	82.94
MAexp20:	82.82
MAexp50:	82.73
MAexp100:	82.83
Price / MA7:	-0.13%
Price / MA20:	-0.91%
Price / MA50:	+2.93%
Price / MA100:	+9.32%
Price / MAexp7:	-0.06%
Price / MAexp20:	+0.08%
Price / MAexp50:	+0.19%
Price / MAexp100:	+0.07%

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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