WTI CRUDE OIL
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 09/13/2020 (GMT)

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Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Slightly bullish
Technical indicators
28%
17%
56%
My opinion
Bearish under 37.47 USD
My targets
36.76 USD (-1.53%)
36.22 USD (-2.97%)
My analysis
The strong short-term decline in WTI CRUDE OIL calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 37.47 USD, one could consider taking advantage of the short-term movement. The first bearish objective is located at 36.76 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 36.22 USD as an objective. Crossing it would then enable sellers to target 35.51 USD. Be careful, a return to above 37.47 USD could jeopardize the reversal.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
0

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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

The WTI CRUDE OIL price is 37.33 USD. The price has increased by +0.08% since the last closing and was between 36.67 USD and 37.82 USD. This implies that the price is at +1.80% from its lowest and at -1.30% from its highest.

36.67
37.82
37.33

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

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:

Central Records

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in 15 min. of this WTI CRUDE OIL chart shows a slightly bullish trend. 60.71% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently given by short-term moving averages indicate that a trend reversal may be taking place. An assessment of moving averages reveals several bearish signals that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 15 minutes


Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : 15 minutes



The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


RSI indicator is back under 50

Type : Bearish

Timeframe : 15 minutes


Aroon indicator bullish trend

Type : Bullish

Timeframe : 15 minutes


Ichimoku - Bearish crossover : Tenkan & Kijun

Type : Bearish

Timeframe : 15 minutes


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 20.05 28.34 36.13 37.33 38.50 40.22 41.86
Change (%) -46.29% -24.08% -3.21% - +3.13% +7.74% +12.14%
Change -17.28 -8.99 -1.20 - +1.17 +2.89 +4.53
Level Minor Intermediate Intermediate - Major Minor 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
Standard35.5136.2236.7637.4738.0138.7239.26
Camarilla36.9637.0737.1937.3037.4237.5337.64
Woodie35.4336.1836.6837.4337.9338.6839.18
Fibonacci36.2236.7036.9937.4737.9538.2438.72


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard34.0036.6838.2240.9042.4445.1246.66
Camarilla38.6139.0039.3839.7740.1640.5440.93
Woodie33.4436.4037.6640.6241.8844.8446.10
Fibonacci36.6838.2939.2940.9042.5143.5145.12


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard36.1037.8440.3042.0444.5046.2448.70
Camarilla41.6141.9942.3842.7643.1543.5343.92
Woodie36.4638.0240.6642.2244.8646.4249.06
Fibonacci37.8439.4440.4442.0443.6444.6446.24

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): 49.68
MACD (12,26,9): 0.0100
Directional Movement: -3.19
AROON (14): 42.86
DEMA (21): 37.43
Parabolic SAR (0,02-0,02-0,2): 37.63
Elder Ray (13): -0.08
Super Trend (3,10): 37.07
Zig ZAG (10): 37.39
VORTEX (21): 0.9600
Stochastique (14,3,5): 38.10
TEMA (21): 37.41
Williams %R (14): -57.14
Chande Momentum Oscillator (20): 0.16
Repulse (5,40,3): -0.0100
ROCnROLL: -1
TRIX (15,9): 0.0100
Courbe Coppock: 0.15
MA7: 38.53
MA20: 41.30
MA50: 41.22
MA100: 36.88
MAexp7: 37.40
MAexp20: 37.41
MAexp50: 37.37
MAexp100: 37.36
Price / MA7: -3.11%
Price / MA20: -9.61%
Price / MA50: -9.44%
Price / MA100: +1.22%
Price / MAexp7: -0.03%
Price / MAexp20: -0.05%
Price / MAexp50: +0.05%
Price / MAexp100: +0.08%

Quotes : 2020-09-11 21:40:53 - 15 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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