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:
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.
Bearish opening
Type : Bearish
Timeframe : Openning
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
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:
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:
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
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 35.51 | 36.22 | 36.76 | 37.47 | 38.01 | 38.72 | 39.26 |
Camarilla | 36.96 | 37.07 | 37.19 | 37.30 | 37.42 | 37.53 | 37.64 |
Woodie | 35.43 | 36.18 | 36.68 | 37.43 | 37.93 | 38.68 | 39.18 |
Fibonacci | 36.22 | 36.70 | 36.99 | 37.47 | 37.95 | 38.24 | 38.72 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 34.00 | 36.68 | 38.22 | 40.90 | 42.44 | 45.12 | 46.66 |
Camarilla | 38.61 | 39.00 | 39.38 | 39.77 | 40.16 | 40.54 | 40.93 |
Woodie | 33.44 | 36.40 | 37.66 | 40.62 | 41.88 | 44.84 | 46.10 |
Fibonacci | 36.68 | 38.29 | 39.29 | 40.90 | 42.51 | 43.51 | 45.12 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 36.10 | 37.84 | 40.30 | 42.04 | 44.50 | 46.24 | 48.70 |
Camarilla | 41.61 | 41.99 | 42.38 | 42.76 | 43.15 | 43.53 | 43.92 |
Woodie | 36.46 | 38.02 | 40.66 | 42.22 | 44.86 | 46.42 | 49.06 |
Fibonacci | 37.84 | 39.44 | 40.44 | 42.04 | 43.64 | 44.64 | 46.24 |
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
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15 min delayed data
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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:
- WTI Crude Oil Forecast September 14, 2020
- WTI Crude Oil Forecast September 11, 2020
- WTI Crude Oil Forecast September 10, 2020
- WTI Crude Oil Forecast September 9, 2020
- WTI Crude Oil Forecast September 8, 2020
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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