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 05/01/2024 (GMT)

Londinia

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Timeframe : 15 min.
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

17%

33%

50%

My opinion

Bearish under 82.06 USD

My targets

79.71 USD (-1.40%)

78.47 USD (-2.93%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on WTI CRUDE OIL. As long as you are under the resistance located at 82.06 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 79.71 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 78.47 USD as an objective. Crossing it would then enable sellers to target 75.27 USD. If the resistance 82.06 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

4.5

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

WTI CRUDE OIL rating 80.84 USD. The price registered a decrease of -1.33% on the session and was traded between 80.31 USD and 81.51 USD over the period. The price is currently at +0.66% from its lowest and -0.82% from its highest.

80.31

81.51

80.84

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in 15 min. of this WTI CRUDE OIL chart shows a bearish trend. 78.57% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

MACD indicator: bullish divergence

Type : Bullish

Timeframe : 15 minutes

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : 15 minutes

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

RSI indicator is back over 50

Type : Bullish

Timeframe : 15 minutes

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

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	68.52	75.27	78.55	80.84	80.95	81.56	82.42
Change (%)	-15.24%	-6.89%	-2.83%	-	+0.14%	+0.89%	+1.95%
Change	-12.32	-5.57	-2.29	-	+0.11	+0.72	+1.58
Level	Major	Intermediate	Intermediate	-	Intermediate	Intermediate	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	78.47	79.71	80.82	82.06	83.17	84.41	85.52
Camarilla	81.28	81.50	81.72	81.93	82.15	82.36	82.58
Woodie	78.41	79.68	80.76	82.03	83.11	84.38	85.46
Fibonacci	79.71	80.61	81.16	82.06	82.96	83.51	84.41

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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	45.82
MACD (12,26,9):	-0.0800
Directional Movement:	-7.59
AROON (14):	-21.43
DEMA (21):	80.61
Parabolic SAR (0,02-0,02-0,2):	80.35
Elder Ray (13):	-0.04
Super Trend (3,10):	80.96
Zig ZAG (10):	80.62
VORTEX (21):	0.9600
Stochastique (14,3,5):	46.24
TEMA (21):	80.61
Williams %R (14):	-61.29
Chande Momentum Oscillator (20):	-0.30
Repulse (5,40,3):	-0.2100
ROCnROLL:	2
TRIX (15,9):	-0.0200
Courbe Coppock:	0.11

MA7:	82.71
MA20:	83.43
MA50:	80.62
MA100:	75.93
MAexp7:	80.68
MAexp20:	80.73
MAexp50:	80.93
MAexp100:	81.31
Price / MA7:	-2.26%
Price / MA20:	-3.10%
Price / MA50:	+0.27%
Price / MA100:	+6.47%
Price / MAexp7:	+0.20%
Price / MAexp20:	+0.14%
Price / MAexp50:	-0.11%
Price / MAexp100:	-0.58%

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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