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 05/02/2024 (GMT)

Londinia

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Timeframe : 15 min.
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bullish

Technical indicators

50%

44%

My opinion

Bullish above 78.03 USD

My targets

80.77 USD (+1.24%)

82.54 USD (+3.46%)

My analysis

The short-term increase currently reinforces the basic trend, which is only slightly bullish. It would be possible for traders to only trade long positions (at the time of purchase) on WTI CRUDE OIL as long as the price remains well above 78.03 USD. The buyers' bullish objective is set at 80.77 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 82.54 USD. If there is any crossing, the next objective would be the resistance located at 83.51 USD.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

3.6

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 79.78 USD. The price has increased by +0.99% since the last closing and was traded between 79.02 USD and 79.85 USD over the period. The price is currently at +0.96% from its lowest and -0.09% from its highest.

79.02

79.85

79.78

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

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:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of WTI CRUDE OIL in 15 min. shows an overall slightly bullish trend. Only 53.57% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish and bullish signals:

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 15 minutes

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 15 minutes

An assessment of technical indicators shows a slightly bullish signal.
Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Williams %R indicator is back over -50

Type : Bullish

Timeframe : 15 minutes

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

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Bearish harami

Type : Bearish

Timeframe : 15 minutes

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	68.52	75.27	78.55	79.78	80.95	81.56	82.42
Change (%)	-14.11%	-5.65%	-1.54%	-	+1.47%	+2.23%	+3.31%
Change	-11.26	-4.51	-1.23	-	+1.17	+1.78	+2.64
Level	Major	Intermediate	Major	-	Minor	Intermediate	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	75.29	77.06	78.03	79.80	80.77	82.54	83.51
Camarilla	78.25	78.50	78.75	79.00	79.25	79.50	79.75
Woodie	74.89	76.86	77.63	79.60	80.37	82.34	83.11
Fibonacci	77.06	78.11	78.75	79.80	80.85	81.49	82.54

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	68.68	73.75	76.38	81.45	84.08	89.15	91.78
Camarilla	76.88	77.59	78.29	79.00	79.71	80.41	81.12
Woodie	67.45	73.14	75.15	80.84	82.85	88.54	90.55
Fibonacci	73.75	76.70	78.51	81.45	84.40	86.21	89.15

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):	56.19
MACD (12,26,9):	0.0600
Directional Movement:	0
AROON (14):	35.71
DEMA (21):	79.62
Parabolic SAR (0,02-0,02-0,2):	79.43
Elder Ray (13):	0.05
Super Trend (3,10):	79.32
Zig ZAG (10):	79.63
VORTEX (21):	1.0100
Stochastique (14,3,5):	70.54
TEMA (21):	79.68
Williams %R (14):	-23.26
Chande Momentum Oscillator (20):	0.19
Repulse (5,40,3):	0.0700
ROCnROLL:	1
TRIX (15,9):	0.0100
Courbe Coppock:	0.29

MA7:	81.93
MA20:	83.05
MA50:	80.65
MA100:	76.03
MAexp7:	79.63
MAexp20:	79.56
MAexp50:	79.53
MAexp100:	79.85
Price / MA7:	-2.62%
Price / MA20:	-3.94%
Price / MA50:	-1.08%
Price / MA100:	+4.93%
Price / MAexp7:	+0.19%
Price / MAexp20:	+0.28%
Price / MAexp50:	+0.31%
Price / MAexp100:	-0.09%

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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