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 - Daily - Technical analysis published on 06/15/2020 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Bullish

Technical indicators

72%

28%

My opinion

Bullish above 34.13 USD

My targets

41.54 USD (+14.57%)

42.60 USD (+17.48%)

My analysis

WTI CRUDE OIL is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 34.13 USD. The next resistance located at 41.54 USD is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 42.60 USD. After this resistance, buyers could then target 51.24 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

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 Twills29. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

WTI CRUDE OIL rating 36.26 USD. On the day, this instrument gained +0.25% and was traded between 34.48 USD and 36.99 USD over the period. The price is currently at +5.16% from its lowest and -1.97% from its highest.

34.48

36.99

36.26

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, which identifies the highest / lowest, has detected an element:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this WTI CRUDE OIL chart shows a bullish trend. 67.86% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

MACD indicator: bearish divergence

Type : Bearish

Timeframe : Daily

RSI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

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 : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	20.22	28.34	32.81	36.26	42.60	51.24	66.25
Change (%)	-44.24%	-21.84%	-9.51%	-	+17.48%	+41.31%	+82.71%
Change	-16.04	-7.92	-3.45	-	+6.34	+14.98	+29.99
Level	Intermediate	Major	Minor	-	Major	Major	Major

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	34.81	36.38	37.29	38.86	39.77	41.34	42.25
Camarilla	37.51	37.74	37.96	38.19	38.42	38.65	38.87
Woodie	34.47	36.22	36.95	38.70	39.43	41.18	41.91
Fibonacci	36.38	37.33	37.92	38.86	39.81	40.40	41.34

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	27.87	29.50	32.50	34.13	37.13	38.76	41.76
Camarilla	34.22	34.64	35.07	35.49	35.91	36.34	36.76
Woodie	28.55	29.84	33.18	34.47	37.81	39.10	42.44
Fibonacci	29.50	31.27	32.37	34.13	35.90	37.00	38.76

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	5.84	11.95	23.69	29.80	41.54	47.65	59.39
Camarilla	30.53	32.17	33.80	35.44	37.08	38.71	40.35
Woodie	8.67	13.36	26.52	31.21	44.37	49.06	62.22
Fibonacci	11.95	18.77	22.98	29.80	36.62	40.83	47.65

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):	70.86
MACD (12,26,9):	3.6100
Directional Movement:	15.49
AROON (14):	78.57
DEMA (21):	38.49
Parabolic SAR (0,02-0,02-0,2):	34.22
Elder Ray (13):	2.25
Super Trend (3,10):	31.88
Zig ZAG (10):	38.94
VORTEX (21):	1.2800
Stochastique (14,3,5):	86.66
TEMA (21):	40.72
Williams %R (14):	-15.43
Chande Momentum Oscillator (20):	5.69
Repulse (5,40,3):	6.5200
ROCnROLL:	1
TRIX (15,9):	1.9500
Courbe Coppock:	45.74

MA7:	37.66
MA20:	34.01
MA50:	25.96
MA100:	34.50
MAexp7:	37.59
MAexp20:	33.85
MAexp50:	30.97
MAexp100:	34.63
Price / MA7:	-3.72%
Price / MA20:	+6.62%
Price / MA50:	+39.68%
Price / MA100:	+5.10%
Price / MAexp7:	-3.54%
Price / MAexp20:	+7.12%
Price / MAexp50:	+17.08%
Price / MAexp100:	+4.71%

Quotes : 2020-06-12 00:00:00 - End-of-day 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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