WTI CRUDE OIL - Daily - Technical analysis published on 09/10/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 40.45 USD
My targets
36.48 USD (-2.69%)
33.83 USD (-9.76%)
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 40.45 USD. The sellers” bearish objective is set at 36.48 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 33.83 USD. In case of crossing, the next objective would be the support located at 28.34 USD.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.4
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This analysis was given by Faisal. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
WTI CRUDE OIL rating 37.49 USD. The price registered a decrease of -1.47% on the session with the lowest point at 37.30 USD and the highest point at 38.18 USD. The deviation from the price is +0.51% for the low point and -1.81% for the high point.37.30
38.18
37.49
Here is a more detailed summary of the historical variations registered by WTI CRUDE OIL:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of WTI CRUDE OIL in Daily shows an overall bearish trend. 75.00% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 11.57 | 20.05 | 28.34 | 37.49 | 42.60 | 51.11 | 58.73 |
| Change (%) | -69.14% | -46.52% | -24.41% | - | +13.63% | +36.33% | +56.66% |
| Change | -25.92 | -17.44 | -9.15 | - | +5.11 | +13.62 | +21.24 |
| Level | Major | Minor | Intermediate | - | Major | Intermediate | Minor |
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 | 37.40 | 37.51 | 37.65 | 37.76 | 37.90 | 38.01 | 38.15 |
| Camarilla | 37.71 | 37.73 | 37.76 | 37.78 | 37.80 | 37.83 | 37.85 |
| Woodie | 37.41 | 37.52 | 37.66 | 37.77 | 37.91 | 38.02 | 38.16 |
| Fibonacci | 37.51 | 37.61 | 37.67 | 37.76 | 37.86 | 37.92 | 38.01 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 33.83 | 36.59 | 38.05 | 40.81 | 42.27 | 45.03 | 46.49 |
| Camarilla | 38.35 | 38.74 | 39.12 | 39.51 | 39.90 | 40.28 | 40.67 |
| Woodie | 33.18 | 36.27 | 37.40 | 40.49 | 41.62 | 44.71 | 45.84 |
| Fibonacci | 36.59 | 38.20 | 39.20 | 40.81 | 42.42 | 43.42 | 45.03 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 36.48 | 38.15 | 40.45 | 42.12 | 44.42 | 46.09 | 48.39 |
| Camarilla | 41.67 | 42.03 | 42.40 | 42.76 | 43.12 | 43.49 | 43.85 |
| Woodie | 36.81 | 38.31 | 40.78 | 42.28 | 44.75 | 46.25 | 48.72 |
| Fibonacci | 38.15 | 39.66 | 40.60 | 42.12 | 43.63 | 44.57 | 46.09 |
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): | 35.29 | |
| MACD (12,26,9): | -1.2200 | |
| Directional Movement: | -16.68 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 37.63 | |
| Parabolic SAR (0,02-0,02-0,2): | 39.82 | |
| Elder Ray (13): | -0.65 | |
| Super Trend (3,10): | 39.86 | |
| Zig ZAG (10): | 37.53 | |
| VORTEX (21): | 0.7700 | |
| Stochastique (14,3,5): | 23.19 | |
| TEMA (21): | 36.61 | |
| Williams %R (14): | -75.61 | |
| Chande Momentum Oscillator (20): | -1.96 | |
| Repulse (5,40,3): | -1.0300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.3700 | |
| Courbe Coppock: | 20.71 |
| MA7: | 37.20 | |
| MA20: | 39.65 | |
| MA50: | 41.04 | |
| MA100: | 38.63 | |
| MAexp7: | 37.73 | |
| MAexp20: | 39.08 | |
| MAexp50: | 39.89 | |
| MAexp100: | 40.16 | |
| Price / MA7: | +0.78% | |
| Price / MA20: | -5.45% | |
| Price / MA50: | -8.65% | |
| Price / MA100: | -2.95% | |
| Price / MAexp7: | -0.61% | |
| Price / MAexp20: | -4.04% | |
| Price / MAexp50: | -5.99% | |
| Price / MAexp100: | -6.62% |
Quotes :
2020-09-10 11:27:01
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15 min delayed data
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NYMEX Futures
News
The last news published on WTI CRUDE OIL at the time of the generation of this analysis was as follows:
-
WTI Crude Oil Forecast September 10, 2020
-
WTI Crude Oil Forecast September 9, 2020
-
WTI Crude Oil Forecast September 8, 2020
-
WTI Crude Oil Forecast September 7, 2020
-
WTI Crude Oil Forecast September 4, 2020
This member declared not having a position on this financial instrument or a related financial instrument.
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