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)

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

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

11%

56%

33%

My opinion

Bearish under 81.55 USD

My targets

79.71 USD (-0.37%)

78.47 USD (-1.92%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on WTI CRUDE OIL as long as the price remains well below 81.55 USD. The sellers' bearish objective is set at 79.71 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 78.47 USD. In case of crossing, the next objective would be the support located at 75.27 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

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

Force

7.5

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

The WTI CRUDE OIL price is 80.01 USD. On the day, this instrument lost -2.34% with the lowest point at 79.98 USD and the highest point at 81.57 USD. The deviation from the price is +0.04% for the low point and -1.91% for the high point.

79.98

81.57

80.01

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

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following result:

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. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 15 minutes

Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : 15 minutes

In fact, 10 technical indicators on 18 studied are currently bearish. 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 under 50

Type : Bearish

Timeframe : 15 minutes

Ichimoku : price is under the cloud

Type : Bearish

Timeframe : 15 minutes

Williams %R indicator is back under -50

Type : Bearish

Timeframe : 15 minutes

The analysis of the price chart with Central Patterns scanners does not return any result.

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	80.01	80.95	81.56	82.42
Change (%)	-14.36%	-5.92%	-1.82%	-	+1.17%	+1.94%	+3.01%
Change	-11.49	-4.74	-1.46	-	+0.94	+1.55	+2.41
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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	36.33
MACD (12,26,9):	-0.0500
Directional Movement:	-11.50
AROON (14):	-21.43
DEMA (21):	80.69
Parabolic SAR (0,02-0,02-0,2):	81.55
Elder Ray (13):	-0.44
Super Trend (3,10):	81.39
Zig ZAG (10):	80.15
VORTEX (21):	0.9500
Stochastique (14,3,5):	33.41
TEMA (21):	80.73
Williams %R (14):	-92.11
Chande Momentum Oscillator (20):	-0.31
Repulse (5,40,3):	-1.0900
ROCnROLL:	2
TRIX (15,9):	-0.0100
Courbe Coppock:	0.15

MA7:	82.61
MA20:	83.39
MA50:	80.60
MA100:	75.93
MAexp7:	80.69
MAexp20:	80.75
MAexp50:	80.91
MAexp100:	81.25
Price / MA7:	-3.15%
Price / MA20:	-4.05%
Price / MA50:	-0.73%
Price / MA100:	+5.37%
Price / MAexp7:	-0.84%
Price / MAexp20:	-0.92%
Price / MAexp50:	-1.11%
Price / MAexp100:	-1.53%

Quotes : - 10 min delayed data - NYMEX Futures

News

The latest news and videos published on WTI CRUDE OIL at the time of the analysis were as follows:

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

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